FASB

The board voted to add a project to improve the accounting for and disclosure of certain digital assets, such as cryptocurrency.

Financial Accounting Standards Board chair Richard Jones said stakeholders have urged the board to start a project on digital assets, which they believe to be a 'top priority.'

The board issued a proposed update Wednesday that would give preparers more time to use its earlier reference rate reform relief guidance.

Richard Jones has been poring over the feedback the board received from a recent consultation on its future standard-setting agenda to decide on new projects to take on.

Actively looking to leverage lessons learned from public company implementations, private companies are now leading the charge in developing lease accounting efficiencies.

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.

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