Both are prone to significant deviation from underlying economic reality because they both rely on the same flawed accounting rules. That book value can be written down at management’s ...

In fiscal year 2018, CNH Industrial will adopt updated FASB accounting standards for revenue recognition (ASC 606) and retirement benefits accounting (ASU 2017-07) for U.S. GAAP reporting purposes.

on the electronics and industrial company. The fine would be the biggest ever in Japan for accounting-related violations, though it is small compared with penalties U.S. companies have faced in ...