FASB

The Financial Accounting Standards Board made some narrow improvements to different aspects of the financial instruments guidance, including the current expected credit losses standard.

The Financial Accounting Foundation, the group that oversees the Financial Accounting Standards Board and the Governmental Accounting Standards Board, has named acting president John W. Auchincloss as the FAF’s executive director.

The new standard caused lease liabilities for the average company to skyrocket 1,475 percent, from $4.4 million to $68.9 million post transition.

The new hedge accounting standard is encouraging more companies to re-evaluate their risk management, according to a new report from Deloitte.

The Financial Accounting Standards Board proposed an accounting standards update Monday to enhance the transparency of how not-for-profit organizations present and disclose contributed non-financial assets.

CECL’s impact on a financial institution is all about the portfolio makeup.

With FASB reviewing the standards for goodwill, PJ Patel, co-CEO and senior managing director at Valuation Research Corp., dives into the evolving complexities in the field.

Private companies got a reprieve for implementation of this major standard -- and they'll need all of it, according to LeaseQuery's George Azih.

The American Institute of CPAs’ Financial Reporting Executive Committee has proposed several working drafts of its guidance on the long-duration insurance accounting standard for insurance companies.

Popular forms’ deadlines; sharper eye on S corps; when restitution has mattered; and other highlights from our favorite tax bloggers.

The Financial Accounting Standards Board has issued a standards update aimed at clarifying the interaction between the rules related to equity securities, equity method investments and certain derivatives.

The ability to explain accounting clearly is the power that will make accountants superheroes.

Average audit fees increased 4.25 percent from 2017 to 2018, according to a new report.

The Financial Accounting Foundation’s board of trustees has named Joel Black, partner in charge of the audit practice at Top 100 Firm Mauldin & Jenkins, the next chair of the Governmental Accounting Standards Board.

The two proposals would offer guidance on implementing the Financial Accounting Standards Board’s new standards for long-duration insurance contracts and credit losses.

All three are pending final acceptance by the SEC, which is expected to finalize them early next year.

HW&Co. names former intern as new CEO; Financial Accounting Foundation announces appointments across multiple organizational boards; and more personnel news.

Five new trustees have also been named to the Financial Accounting Foundation.

ASU 2019-12 aims to simplify Topic 740 in GAAP.

FASB’s delay of the effective date of ASC 842 for private companies is a gift to businesses struggling to get the new lease standard right.