Learn how deferred acquisition costs (DAC) aid insurance companies by spreading acquisition expenses over contract terms, reducing upfront strain and smoothing earnings.

Nearly a decade after issuing lease accounting standards in 2016, the FASB is finishing a formal review of the rules.

The Financial Accounting Standards Board decided to pursue targeted improvements to its rules for accounting for and disclosing software costs, instead of a single overarching model. During a meeting ...

The federal board that oversees Cost Accounting Standards released a final rule and a proposed rule aimed at stripping out overlapping requirements for government contractors. The move, led by the ...

The White House Office of Management and Budget’s (OMB’s) Cost Accounting Standards (CAS) Board last week announced one final rule and one proposed rule that would eliminate more than 60 requirements ...

Congratulations! The program officer at your favorite foundation has finally invited you to submit a proposal for the new program you would like to start. You’re thrilled, but now comes the hard part: ...

The upcoming federal budget will feature a broad new strategy to boost the performance of Canadian business, including ...

Tax legislation recently unveiled by Senate Republicans only costs $441 billion when tallied using a novel accounting method requested by the GOP. The new estimate by the Joint Committee on Taxation, ...

The U.K.-based discount retailer said it failed to correctly recognize about £7 million ($9.39 million) of overseas freight ...