The Financial Accounting Standards Board appointed seven new members to its small business advisory committee, effective immediately, including Jennifer Langer, chief accounting officer of Hyster Yale Materials Handling. read more

MAR 10, 2023 - 7:20 am

The FASB issued a proposed Accounting Standards Update (ASU) that would extend the period of time preparers can utilize the reference rate reform relief guidance and expand the SOFR-based interest rates available as benchmark interest rates. read more

APR 21, 2022 - 7:34 am

The Financial Accounting Standards Board issued a proposed accounting standards update intended to help investors and other allocators of capital better consider the effect of supplier finance programs on a buyer’s working capital, liquidity and cash flows. read more

DEC 22, 2021 - 6:12 am

The Financial Accounting Standards Board issued a proposed accounting standards update intended to improve the decision usefulness of information provided to investors about certain loan refinancings, restructurings and write-offs. read more

NOV 24, 2021 - 6:30 am

The Financial Accounting Standards Board issued an accounting standards update that requires businesses to disclose, in notes to their financial statements, information about certain types of government assistance they receive. read more

NOV 18, 2021 - 6:32 am

The Financial Accounting Standards Board issued an accounting standards update that improves discount rate guidance for lessees that are not public business entities, including private companies, not-for-profit organizations and employee benefit plans. read more

NOV 12, 2021 - 6:10 am

The Financial Accounting Standards Board issued a proposed accounting standards update that would modify the disclosure requirements for interim financial reporting. Stakeholders are encouraged to review and provide comment on the proposal by Jan. 31. read more

NOV 2, 2021 - 6:38 am

The Financial Accounting Standards Board issued an accounting standards update intended to improve an area of the leases guidance related to a lessor’s accounting for certain leases with variable lease payments. read more

JUL 20, 2021 - 6:53 am

The Financial Accounting Standards Board appointed Jack Ciesielski and Brandon Coleman to its emerging issues task force. Ciesielski is a CPA and a CFA and the founder of R.G. Associates. Coleman is a partner in national office accounting and reporting services at Deloitte. read more

JUL 1, 2021 - 6:39 am

The Financial Accounting Standards Board issued a proposed accounting standards update that would improve discount rate guidance for lessees that are not public business entities, including private companies, not-for-profit organizations and employee benefit plans. read more

JUN 18, 2021 - 6:21 am

The Financial Accounting Standards Board will host a virtual roundtable on the implementation of the current expected credit losses (CECL) standard and related technical issues. The event will be webcast live at fasb.org on May 20 from 9 a.m. to 12 p.m. EST. read more

APR 22, 2021 - 6:51 am

The Financial Accounting Standards Board appointed Dan Palomaki and Jay Seliber as the newest members of its emerging issues task force (EITF). read more

MAR 12, 2021 - 6:44 am

The Financial Accounting Standards Board issued a proposed accounting standards update intended to address inconsistency and diversity in practice related to the accounting for revenue contracts with customers acquired in a business combination. read more

DEC 16, 2020 - 6:07 am

The Equipment Leasing and Finance Association released key takeaways from the Dec. 2 meeting of the Financial Accounting Standards Board. These takeaways were prepared by John Bober, chair of the ELFA financial accounting committee. read more

DEC 4, 2020 - 7:29 am

The Financial Accounting Standards Board released a FASB staff educational paper that provides stakeholders with a summary and overview of a debtor’s application of guidance on debt restructurings and modifications. read more

NOV 9, 2020 - 7:23 am