A vendor can list a consideration on their income statement as a cost, if the customer provided assets or services (Financial Accounting Standards Board [FASB], 2009, 605-50-45-1). If you’ve ... or ...

The HKICPA's HKFRS Handbook includes various standards. Hong Kong Accounting Standard 1 Presentation of Financial Statements (HKAS 1) outlines the general requirements for financial statement ...

The Financial Accounting Standards Board released a paper on how to apply its revenue recognition standard to construction ...

THE International Accounting Standards Board (IASB) recently released the third edition of the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs).