FASB

The Financial Accounting Standards Board proposed an accounting standards update Monday that would modify the disclosure requirements for interim financial reporting.

The majority of private companies have yet to implement the new lease accounting standard entirely, even though the effective date is fast approaching.

Privately held companies are putting off implementation of the new lease accounting standard, even as the effective date approaches.

The amendments aim to improve the comparability of financial information from companies with investments in equity securities.

Private companies are facing a deadline on implementing the new standard, but recent updates could make an impact.

The board has endorsed a recommendation from its Private Company Council that would align accounting rules with the tax treatment of the awards.

FASB's proposed update could help companies with their risk management, but they will probably need sophisticated hedging expertise to benefit.

NYU accounting professor Baruch Lev on three ways standard-setters can significantly improve their agendas.

The Financial Accounting Standards Board released an accounting standards update Monday to help lessors account for leases with variable lease payments.

The recent leasing rules from the Financial Accounting Standards Board and the Governmental Accounting Standards Board are turning out to be harder to follow than many organizations expected.

Having completed many of its major current projects, the board is looking for suggestions on what to work on going forward.

The board released a proposed ASU with the goal of improving the guidance for lessees that are not public businesses.

The foundation’s annual report highlights the boards’ efforts to support stakeholders in the pandemic.

The Financial Reporting Executive Committee posted draft versions of its interpretations of the Financial Accounting Standards Board’s new long-duration insurance accounting standard.

A sizable chunk of private companies still aren’t ready to implement the new lease accounting standard before the end of the year, despite postponements in the deadline due to the pandemic.

At the same time, the SEC is increasingly focusing on environmental, social and governance reporting.

The Financial Accounting Standards Board released a proposed accounting standards update Wednesday to better line up a company’s hedge accounting with its risk management strategies.

The board released a standards update to improve the accounting for modifications or exchanges of freestanding equity-classified written call options, such as warrants.

The amendment promises to reduce losses at the beginning of some types of leasing contracts.

The board released an ASU that helps the organizations decrease the complexity of performing a goodwill triggering event evaluation.