Learn what an onerous contract is, regulations for reporting them, and examples. Explore how IFRS and GAAP differ in handling these unfavorable contracts.

Contract-signing bonuses may be offered for a variety of reasons, such as to entice the candidate to accept an offer, to offset some of the related transitional costs including relocation or to comply ...

Construction workers tend to work based on contractors they make with the owners of property. Traditionally these contractors could choose from a variety of accounting procedures to account for the ...

Axiom, a provider of legal contract technology, has introduced the Contracts Intelligence Platform for Lease Accounting to help organizations uncover embedded leases that are subject to the new lease ...

If an energy company signs a four-year contract to sell 1,000 megawatts of electricity a year, and electricity is selling for $250 a megawatt, how much is the contract worth? A: $250,000 a year for ...

The Financial Accounting Standards Board approved a new rule for companies leasing out assets in an effort to eliminate a sometimes sizable accounting loss at the start of certain contracts. The new ...