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

The Financial Accounting Standards Board released an update to clarify the interim effective date of its standard on ...

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 ...

When important new accounting standards are under development, forward-thinking companies often look ahead to anticipate possible changes and work ahead so they don’t have to scramble when the ...

The Financial Accounting Standards Board (FASB) has issued an Invitation to Comment (ITC) to gather stakeholder feedback on its future standard-setting agenda. This focuses on enhancing financial ...

The Financial Accounting Standards Board will evaluate two weighty issues in 2025 on how companies report their performance ...

Full in-text citations should list the organization, year, and the specific sections referenced. For the PCAOB Auditing Standards, numbers refer to chapter and paragraphs. For the FASB Accounting ...

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 ...

However, as FASB's role is to establish and improve financial accounting and reporting standards, this proposal only addresses amounts reported in financial statements. Measuring or tracking an entity ...

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 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 ...

The US accounting standard-setter’s top priority for 2025 is determining which issues to tackle next based on input from businesses that follow its rules and readers of their financial statements, the ...