FASB

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.

The Financial Accounting Standards Board said Tuesday the Securities and Exchange Commission has accepted the latest updates to the GAAP Taxonomy for filing financial statements with the SEC.

The Financial Accounting Standards Board approved a tweak to the goodwill rules for private businesses and not-for-profits, giving them more flexibility on when to do impairment assessments of triggering events.

The Financial Accounting Standards Board released an accounting standards update Thursday, giving franchisors a practical expedient way to determine their performance obligations under a franchise agreement.

The Financial Accounting Standards Board has released an update on its recent guidance on reference rate reforms to clarify its scope.

The pandemic reshaped the profession throughout the year — and will continue to do so in 2021.

While organizations would like to see improvement, the consensus is that big updates could make future implementations more confusing.

The change would make it easier for private companies and nonprofit organizations to evaluate a goodwill triggering event.

The SEC Reporting Taxonomy and GAAP taxonomy still need to be approved by the SEC.

The board’s proposed ASU offers specific guidance on certain recognition and timing issues.

FASB has a project to review goodwill accounting — again. Here's an idea it might want to consider.

Stakeholder engagement and feedback are critical to standard-setting, says Richard Jones.

The Andersen alum served as standard-setter in the midst of the dot-com crash.

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