FASB

The Financial Accounting Standards Board released an accounting standards update aimed at improving the usefulness of information offered to investors about certain loan refinancings, troubled debt restructurings, vintage disclosures and gross write-offs, amending its credit losses standard.

The board issued an accounting standards update aimed at better aligning hedge accounting with an organization’s risk management strategies.

The foundation is looking for nominations to the Private Company Council that shares the perspectives of privately held businesses with FASB.

From ESG requirements to global tax reform, this handful of developments is worth paying attention to in 2022.

Businesses and executives are increasingly realizing there’s a whole new level of complexity lying just beneath crypto’s binary-coded surface, mainly how to account for it, how the accounting standards apply, and what it all means for the accounting team.

With Kathleen Casey's term due to end at the end of 2022, the trustees has begun the search for her successor.

The American Institute of CPAs has updated its practice aid for accounting and auditing of digital assets, with added material on cryptocurrency.

The company can’t strip out the cryptocurrency's wild swings from the unofficial accounting measures it touts to investors, the commission said.

The two new chapters cover financial statement elements and presentation.

The GRT, SRT and DQCRT are available for review, but still await final SEC approval.

A proposed accounting standards update would require buyers to share key details, which currently aren't required to be disclosed at all.

The projects have been prioritized based on stakeholder feedback in response to the board’s June invitation to comment.

Derek Christensen, a doctoral student at the University of Wisconsin—Madison, received the award for accounting standard-setting research.

A global survey of investment professionals covers accounting for goodwill, related disclosures, and how those issues are affecting analysis and investment decision-making.

12 pricier days; tax preparers’ own year-end moves; state taxes galore; and other highlights from our favorite tax bloggers.

The ASU requires businesses to disclose information about some types of government assistance they receive within the notes to their financial statements.

The Financial Accounting Standards Board issued an update to simplify the discount rate guidance for lessees that aren’t public companies, including private companies, nonprofits and employee benefit plans.

The Financial Accounting Standards Board voted Wednesday against deferring the lease accounting standard for a third time for private companies and not-for-profit organizations.

The board will be considering a proposal at a meeting Wednesday to postpone the standard for another two years.

Are we overstating the work involved to implement the new lease accounting standard?