FASB

The Financial Accounting Standards Board issued an accounting standards update to improve transparency about the use of supplier finance programs for investors and other capital providers.

Members serve one-year terms advising the board on the needs and perspective of small public companies.

The commission's Investor Advisory Committee suggested reforms to the way the board operates.

The Financial Accounting Standards Board is considering a change to address leases that are under the common control of related-party businesses.

In its most recent meeting, the board agreed to narrow the scope of its digital asset project to focus specifically on cryptocurrencies.

The proposed update aims to improve the accounting and disclosures for investments in tax credit structures.

The Financial Accounting Standards Board collected feedback from investors on various financial topics.

One-third of private companies still aren’t fully prepared to switch to the new leases standard.

Selling 75% of its cryptocurrency gave the company a one-time cash infusion, the electric car company said, but the battered value of its remaining Bitcoin also dinged profits.

The board is preparing to launch an updated Accounting Standards Codification platform.

The Financial Accounting Standards Board is considering changes in the transition requirements for its long-duration insurance standard.

The ASU aims to increase the comparability of financial information across reporting entities that have investments in certain equity securities.

The Financial Accounting Standards Board issued a report summarizing the feedback it received last year on the projects it should pursue in the future.

The board has decided to set aside a long-running project that would have required companies to amortize goodwill on a straight-line basis over 10 to 25 years.

The Financial Accounting Standards Board is asking its stakeholders to provide feedback on whether it should work on a new standard to account for government grants while building on an existing international standard.

The average number of leases held by companies has returned to or exceeded pre-pandemic levels, according to a new report, even as they adjust to new rules that put leases on the balance sheet.

The board's future projects include digital assets, intangibles, government grants, and accounting for financial instruments with ESG-linked features.

The board voted to add a project to its technical agenda on financial instruments with environmental, social and governance-linked features and regulatory credits.

The board of trustees released a draft strategic plan Tuesday and is asking for input.

Columnist emeritus Paul Miller returns for another installment of “The Spirit of Accounting” to ask if standard-setting should be taken out of accountants’ hands.