FASB to Focus on Liabilities and Goodwill in 2020

The Wall Street Journal reported that the Financial Accounting Standards Board will focus on two issues in 2020: differentiating liabilities from equity and improving the measurement of goodwill.

FASB will focus on these priorities this year in preparation for the departure of Chairman Russell Golden, who will step down in June, according to the report.

EY Partner and Chief Accountant Richard Jones will assume the chairman role in July.

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