FASB

The Financial Accounting Standards Board is proposing to make further changes in the income tax disclosure requirements for companies to make them more relevant to users of financial statements.

Sax adds transaction advisory practice; FAF opens search for new Board of Trustees members; and more CPA news.

EY names global managing partner of client service; Baker Newman Noyes appoints managing principal; and other recent hires, promotions and personnel news from firms across the country.

The Financial Accounting Standards Board is aligning its definition with the American Alliance of Museums’ Code of Ethics for Museums.

Financial institutions are scrambling to prepare for the imminent approach of the credit losses standard.

The Securities and Exchange Commission has approved the Financial Accounting Standards Board’s 2019 GAAP Financial Reporting Taxonomy, along with the 2019 SEC Reporting Taxonomy, FASB said Tuesday.

The new standard adjusts the way companies account for the production costs of films and episodic content produced for TV and online streaming services.

The update clarifies some of the disclosure and implementation requirements of the new leasing standard.

The board posted a proposed guide Thursday, with a set of questions and answers about the new standards.

The companies are giving their customers access to both Chargebee’s subscription billing system and Softrax’s Revenue Manager revenue recognition software.

The Financial Accounting Standards Board issued a proposed accounting standards update Thursday on the recognition and measurement of deferred revenue in business combinations.

The Financial Accounting Standards Board hopes to simplify the move to the new credit loss rules by offering an option to measure certain assets at fair value.

Most organizations are using manual workarounds to comply with the new rev rec standard, according to a survey by Ernst & Young.

The valuation piece currently presents the biggest challenge—and question mark—for accountants and the organizations they serve.

The Financial Accounting Standards Board held a roundtable discussion on its new credit losses standard, with some mid-tier banks asking it to reconsider.

The costs of shows on broadcast and cable television, along with streaming services, could be affected by the changes.

The Financial Accounting Standards Board has released staff guidance on how to estimate credit loss reserves.

A longtime stalwart of the Financial Accounting Standards Board is now on the Sustainability Accounting Standards Board.

The deadline isn't far away for privately held businesses to begin adhering to the new rules.

The SEC and FASB control the process now, but Congress should give banking regulators a more central role in overseeing the creation of accounting rules.