The IRS has issued proposed regulations to adopt the simplified tax accounting rules for small businesses under the Tax Cuts and Jobs Act. The proposals adjust thresholds, clarify terms, and give ...

One of FASB’s goals for its new hedge accounting guidance was to remove some of the barriers that the old accounting rules presented for hedging. “The interest is palpable, particularly from the ...

The concern about the cost and pain in adopting a more simplified accounting standards regime needs to be put in perspective ("Cost and pain dilemma in accountancy", Letters, July 29). The recent ...