FASB

The new guidance provides a stronger framework for deciding whether a contribution is conditional or unconditional.

Does your organization have an implementation plan and adequate system in place that will meet the new requirements?

The changing revenue recognition and leasing rules are prompting various strategies to deal with them.

The Financial Accounting Standards Board hopes to improve the financial reporting for stock compensation.

Limited guidance from the IRS and accounting standard-setting bodies has led to a divergence in interpretation and practice for inventory valuation within the scope of business combinations.

A long-awaited standards update will clarify a key issue in the not-for-profit world.

Now is the time to start preparing for the next big accounting standard.

The lease accounting standard that public companies are gearing up to comply with by the end of the year is presenting them with some technology obstacles, according to a new report from Deloitte.

The accounting practices associated with share-based compensation have evolved from the ridiculous to the barely sensible.

With the effective date for the new lease accounting standard taking effect at the end of the year for public companies, many are finding themselves unprepared and their accounting systems in need of an upgrade.

Accounting and finance organizations for many multinational businesses are currently working to create plans for two separate standards.

The Financial Accounting Foundation has published its annual report on the Financial Accounting Standards Board and the Governmental Accounting Standards Board it oversees.

A group of former auditors has teamed up to help clients deal with the new FASB standard.

The former Carr, Riggs & Ingram partner is stepping down after a year and a half, for personal reasons.

A new revenue procedure makes it easier for companies to conform with FASB's revenue recognition standard.

Wesley Bricker said the commission is keeping an eye on a number of new developments in accounting standards and financial reports.

The Sustainability Accounting Standards Board Foundation has appointed Perella Weinberg Partners partner and CEO Robert K. Steel as its new chair, succeeding former New York City Mayor Michael Bloomberg, the founder and chief executive of Bloomberg LP. Steel previously worked under Bloomberg as deputy mayor.

The first step is to admit there’s a problem.

Accountants serving U.S. banks and credit unions are bracing for the impact that the current expected credit loss model may have on the institutions’ allowance for loan and lease losses and capital levels, and these institutions are enacting transition plans now.

The new method would provide an alternative to the modified retrospective transition method.