IN BRIEF FASB's recent guidance on accounting joint ventures, ASU 2023-5, is intended to resolve diversity in practice and ...

AMONG ENRON’S PROBLEMS WAS ITS USE of variable interest entities, which allowed it to leave significant amounts of debt off its balance sheet. In response to concern about this practice, FASB issued ...

This feature was prepared by the AICPA Center for Plain English Accounting. New private company financial reporting alternatives have given financial statement preparers many issues to consider. Over ...