FASB

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.

The ASU would extend private company alternatives to NFPs.

A proposed ASU would help with the implementation of the new standard on leasing.

The Financial Accounting Standards Board has made available the 2019 GAAP Financial Reporting Taxonomy and the 2019 SEC Reporting Taxonomy.

The update aims to reduce the costs of implementing and applying the new lease-reporting rules

Companies are expanding their budgets to accommodate the new leasing standard, according to a new survey by Ernst & Young.

The Financial Reporting Executive Committee eventually plans to publish a broader Business Combinations Accounting and Valuation Guide.

The proposals would make narrow improvements to the rules for credit losses, hedging, and recognition and measurement.

The SEC is also working to help companies with a crowded implementation schedule.

The update makes narrow improvements to the credit losses standard, including the transition requirements.

A new report from PwC finds businesses still scrambling to meet the deadlines.