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 today asked stakeholders for feedback on its future standard-setting agenda. FASB published an Invitation to Comment and is requesting feedback on improvements ...

and Maintain and improve the FASB Accounting Standards Codification. The ITC document features input already received from stakeholders and focuses on targeted improvements to GAAP for FASB to ...

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 ...

Wrapped tokens were excluded from the scope of the new guidance since the FASB observed that such tokens could have unforeseen consequences. The Financial Accounting Standards Board (FASB) issued an ...

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 ...

FASB published a proposed Accounting Standards Update (ASU) designed to improve the financial accounting for and disclosure of financial activities related to environmental credits and environmental ...

As of today, the Financial Accounting Standards Board will put its Fair Value accounting rules on BTC and other ... only to “fungible” intangible digital assets because it is difficult to obtain ...

According to the Fair Accounting Standards Board (FASB), an entity should only change an accounting principle when it is justifiably preferable to an existing method or when it is a necessary ...

Depending on the feedback that the FASB gets from stakeholders, the FASB could revisit some of the previous guidance it has provided, including on accounting pertaining to crypto, a FASB spokesperson ...

Simplifying the new update, the FASB writes: “Fair value measurement aligns the accounting required for holders of crypto assets with the accounting for entities that are subject to certain ...

This article expounds on the opposing arguments for the classification of crypto assets. Furthermore, it articulates FASB’s position on its new guidance and clarifies the accounting implications of ...