The feedback is expected to improve financial accounting and reporting and aims to provide investors useful information.

FASB made clarifying changes and corrected unintended application of guidance in a standard that updates its Accounting Standards Codification. FASB released an Accounting Standards Update (ASU) ...

FASB on Monday published an Accounting Standards Update (ASU) that clarifies for non-calendar-year-end entities the interim effective date of ASU No. 2024-03, Income Statement — Reporting ...

The Financial Accounting Standards Board published an Invitation to Comment and asked stakeholders for feedback on its future standard-setting agenda.

For the PCAOB Auditing Standards, numbers refer to chapter and paragraphs. For the FASB Accounting Standards Codification, the numbers refer to area, topic, subtopic, and section. According to the ...

The Financial Accounting Standards Board released an accounting standards update Monday to clarify the interim effective date of its recently issued standard on disaggregation of income statement ...

Insufficient punctuation use can confuse and exhaust an audience. Example: The cost of the group of assets acquired must be allocated based on their relative fair values without allowing for goodwill ...

The board wanted to make clear that all public companies must comply with the new expense disclosure requirements in ...

MicroStrategy recently wrote to the Financial Accounting Standards Board (FASB), “This disconnect between an entity’s financial statements and the economic reality of its financial condition and ...

The Financial Accounting Standards Board (FASB) has adopted Fair Value Accounting for Bitcoin. Companies holding Bitcoin will now report its value based on current market prices. The new rule may ...