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 ...

William Isaac and Thomas Vartanian unfortunately conflated two separate issues in their recent commentary about the Financial Accounting Standards Board: (1) FASB’s new standard for banks and other ...

FASB issued a new accounting standard Thursday that is designed to help not-for-profits tell their story through their financial statements. Not-for-profit financial statements have been prepared ...

The Financial Accounting Standards Board has appointed Hillary H. Salo, a partner at KPMG, as its new technical director and chair of the Emerging Issues Task Force. She started her accounting career ...

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

The Financial Accounting Standards Board (FASB) plans to evaluate in 2026 whether certain cryptocurrency assets, including some stablecoins, qualify as cash equivalents, reported The Wall Street ...

Great news for banks. We’ve decided to establish a self-governing body to create federal common law principles governing corporate conduct. Processing Content Since Congress has never legislated in ...

In 1973, the Financial Accounting Standards Board was established to develop a set of financial accounting standards known as generally accepted accounting principals for the private sector. GAAP ...

Effective dates will be delayed for private companies and certain other entities for FASB’s standards on accounting for leases, credit losses (known as CECL), and hedging after a unanimous vote ...

A “screen”. The “framework”. “Single or similar asset threshold”. Is anyone else scratching their head when they read the Financial Accounting Standards Board’s (FASB) new definition of a business?

Discover the three essential financial statements required by GAAP: income statement, balance sheet, and cash flow statement, ...

Starting a business is an exciting time. From coming up with the name to window-shopping for office space, it’s the epitome of the American Dream. Well, the rules of that American Dream are changing — ...