Accounting July 30, 2025
The Financial Accounting Standards Board issued new optional guidance on July 30 regarding the measurement of credit losses for accounts receivable and contract assets.
Accounting December 17, 2024
The Financial Accounting Standards Board released the 2025 GAAP Financial Reporting Taxonomy, which contains updates for accounting standards, and four other taxonomies on Dec. 16.
Accounting December 5, 2024
Hindman’s term will begin January 1, 2025, and conclude on December 31, 2027, when she will be eligible for consideration for reappointment to another three-year term.
Accounting Standards December 3, 2024
The proposal addresses challenges with applying CECL to current AR and contract assets arising from revenue transactions.
Accounting Standards November 26, 2024
The amendments in the ASU clarify requirements for determining whether certain settlements of convertible debt instruments, including convertible debt instruments with ...
Accounting Standards November 25, 2024
The proposal defines subsequent events and provides note disclosure requirements in order to reduce diversity in practice.
Accounting Standards November 25, 2024
The report discusses how the FASB staff conducted the Revenue PIR process, which included outreach with more than 2,200 stakeholders from diverse backgrounds, key implementation support
Accounting Standards November 25, 2024
The proposed ASU is aimed at public business entities that do not have an annual reporting period that ends on Dec. 31.
Accounting Standards November 25, 2024
The Financial Accounting Foundation's Board of Trustees has appointed Robert W. Scott and Dianne E. Ray to the GASB board.
Accounting November 19, 2024
The proposal would establish rules on the recognition, measurement, and presentation of a government grant received by a business.
Accounting November 14, 2024
An invitation to comment was issued on Nov. 14 as part of the FASB's research project on financial KPIs for business entities.
Accounting November 13, 2024
A proposal issued on Nov. 13 is intended to provide stakeholders some clarity on the current interim reporting requirements.
Accounting Standards November 11, 2024
The tactics led a Virginia federal court judge to conclude that an “awful lot of evidence has likely been destroyed,” and provoked a San Francisco federal court judge to criticize Google for lying to the court and deliberately hiding evidence from opponents.