All liabilities articles
FASB proposal sets disclosure requirements for supplier finance programs
The Financial Accounting Standards Board issued a proposed update to its liabilities standard setting disclosure expectations for supplier finance programs.
FASB plans to distinguish liabilities from equity
The FASB plans to distinguish liabilities from equity in financial statements to make the accounting rules less complex and easier to understand.
“Chancer” chauffeurs and liquidators: the Retail Acquisitions story
Retail Acquisitions’ purchase of troubled retailer BHS for £1 (U.S.$1.3) has since been complicated by a £6M (U.S.$7.8M) loan coming due and some extremely unstable governance issues.
New accounting rules aim to make change for unredeemed gift cards
Everybody has an unspent gift card or two around the house. Maybe you just never got to the store to use it, or maybe there’s only got a few dollars left on it and it would feel like a pain to zero it out. But unspent cards like these are ...