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The board proposed an update to improve the accounting for purchased financial assets, including those acquired in a business combination.
June 27 -
Second quarter 2022 earnings releases by major banks show vastly increasing provisions for credit losses:
August 8New York University Stern School of Business -
Richard Jones has been poring over the feedback the board received from a recent consultation on its future standard-setting agenda to decide on new projects to take on.
April 14 -
The Financial Accounting Standards Board released an accounting standards update aimed at improving the usefulness of information offered to investors about certain loan refinancings, troubled debt restructurings, vintage disclosures and gross write-offs, amending its credit losses standard.
March 31 -
The Financial Accounting Standards Board issued a proposed accounting standards update that would expand the disclosures under its credit losses standard.
November 23 -
Boards, shareholders, and auditors alike will want to know CECL’s impact.
September 15Abrigo -
The American Accounting Association has issued a rare rebuke to Congress criticizing government interference in accounting standards.
October 22 -
The board has voted to defer the effective date of its long-duration insurance contract standard for one year.
October 5 -
Richard Jones is making post-implementation reviews of standards one of his top priorities, and taking a closer look at FASB’s crowded agenda.
September 15 -
The six largest credit card issuers have set aside billions of dollars worth of reserves in response to the novel coronavirus as well as the adoption of the Financial Accounting Standards Board’s new credit losses standard.
August 3