FASB

The Financial Accounting Standards Board voted Wednesday to proceed to a final standard on hedge accounting, part of the financial instruments project that FASB had been working on for years with the International Accounting Standards Board before the two boards went their separate ways.

As companies get ready for the new lease accounting standard, they’re coming across a variety of complications and questions before the standard takes effect in the next few years.

Companies should begin to plan now how to incorporate the new standards and update procedures for the Financial Accounting Standards Board’s accounting updates on two significant topics: revenue recognition and lease accounting.

The long-awaited IFRS 17 will provide more consistent treatment for all types of insurance in different countries.

The Financial Accounting Standards Board has issued an accounting standards update for determining the customer of service concession arrangements.

The Financial Accounting Standards Board is asking for comments on how effective its U.S. GAAP Financial Reporting Taxonomy really is.

The Sustainability Accounting Standards Board has overhauled its board structure, adding a nine-member SASB Standards Board, overseen by the SASB Foundation board of directors.

The Financial Accounting Standards Board has released an accounting standards update containing guidance on which changes to the terms or conditions of a share-based payment award require companies to apply modification accounting.

The Public Company Accounting Oversight Board is seeing signs of progress on audit quality in its inspections.

Now that the political battles of the 1990s are past, FASB should be able to correct these deficient practices.

The International Accounting Standards Board has proposed a set of minor amendments to the financial instruments standard to make it easier to implement.

Nominations for the Private Company Council are due by April 24.

The Internal Revenue Service is proposing procedures for how a taxpayer can ask for automatic consent to change an accounting method in preparation for the Financial Accounting Standards Board’s new revenue recognition standard.

Eighty percent of CFOs at U.S. companies have not yet begun the transition to the upcoming leasing standard, according to a new survey.

The new revenue recognition standard is going to force many companies to make new disclosures, but they shouldn’t wait until the last minute to get ready, warns a recent report.

Profs. Miller and Bahnson analyze a quartet of futile pursuits, from political interference with standard-setting to convergence.

The Securities and Exchange Commission has given its approval to the 2017 GAAP Financial Reporting Taxonomy, the annually updated set of accounting standards built using computer-readable tags.

The latest edition of the book covers recent changes from the Financial Accounting Standards Board.

The Financial Accounting Standards Board has released an update to improve the financial reporting on pensions and other post-retirement benefits.

The Financial Accounting Standards Board is asking for feedback on a suggested standards update.