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FASB Clarifies Guidance on Accounting for Share-Based Payments

FASB Clarifies Guidance on Accounting for Share-Based Payments

In June 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (Update) 2014-12 regarding stock compensation. The Update clarifies the accounting for share-based payments when the terms of an award provide that a performance target...
Understanding the New Revenue Recognition Standard

Understanding the New Revenue Recognition Standard

On May 28, 2014, the International Accounting Standards Board (IASB), responsible for International Financial Reporting Standards (IFRS), and the Financial Accounting Standards Board (FASB), responsible for U.S. Generally Accepted Accounting Principles (U.S. GAAP),...