FASB

The American Institute of CPAs’ Financial Reporting Executive Committee, also known as FinREC, has posted a pair of working drafts on how accountants can deal with two issues related to the Current Expected Credit Loss standard that will be taking effect at the end of next year.

Four professors were honored for their research paper examining FASB standards and shareholder value.

The Financial Accounting Standards Board is looking for public companies that are willing to participate in research on potential improvements to the segment aggregation guidance and the reportable segments process.

The Financial Accounting Standards Board aims to reduce cost and ease implementation of the standard.

The Financial Accounting Standards Board is proposing to modify the effective date of its Current Expected Credit Losses standard for nonpublic companies, giving many private banks and credit unions an extra year to get ready for the new rules.

Walgreens, CVS and AT and T top the list of U.S. companies with the most operating lease liabilities that will need to be added to their balance sheets under the new leasing standard, according to a new report.

The Financial Accounting Standards Board released a set of mostly minor revisions and technical corrections to the lease accounting standard.

A new Financial Accounting Standards Board disclosure requirement makes several material changes to U.S. GAAP.

Axiom, a provider of legal contract technology, has introduced the Contracts Intelligence Platform for Lease Accounting to help organizations uncover embedded leases that are subject to the new lease accounting standard.

KPMG is partnering with analytics provider SAS on helping banks make the transition to the current expected credit loss, or CECL, accounting standard that begins to take effect in January 2020.

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.