The Financial Accounting Standards Board issued a proposed accounting standards update Wednesday that would give preparers more time to use its earlier reference rate reform relief guidance and expand ...

FASB is seeking comment on what the board’s future standard-setting priorities should be. Stakeholders are asked to provide feedback by Sept. 22 to help FASB identify areas where there’s a pervasive ...

Richard Jones, the new chairman of the Financial Accounting Standards Board, said Tuesday he is making post-implementation reviews of standards one of his top priorities, as well as taking a closer ...

Due to new standards issued by the Financial Accounting Standards Board (FASB) in late 2022, companies with supply chain financing are now required to comply with additional disclosures intended to ...

The FASB’s proposed guidelines would treat crypto assets more like traditional assets and would improve valuation accuracy. At the same time, the SEC appears to be doubling down on its stance that ...

NORWALK, Conn.--(BUSINESS WIRE)--When the Financial Accounting Standards Board (FASB) issues a final standard, it means the FASB has concluded that the benefits derived from the standard justify the ...

Learn about accounting interpretations, why they matter, and how they clarify standards, prevent errors, and provide consistency in financial reporting.

NORWALK, Conn.--(BUSINESS WIRE)--The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) that clarifies and improves the scope and accounting guidance around ...

In a long-anticipated move, Bloomberg Tax reported that the Financial Accounting Standards Board (FASB) is set to introduce new fair value accounting rules for Bitcoin and other cryptocurrencies.

Crypto accounting, and the lack of authoritative crypto-specific accounting guidance, has long been an issue for the crypto industry, and accounting professionals seeking to offer advice to internal ...

The FASB voted to delay the effective date of its revenue recognition standard for nonpublic entities that have not yet issued their financial statements. Challenges related to the coronavirus ...