The FASB issued an ASU that addresses issues raised by stakeholders during the implementation of an Accounting Standards Update regarding the measurement of credit losses on financial instruments. read more

NOV 27, 2019 - 6:15 am

The Financial Accounting Standards Board appointed six new members to its Not-for-Profit Advisory Committee, effective January 1, 2020. read more

NOV 26, 2019 - 6:08 am

The FASB issued two ASUs that finalize various effective date delays for standards on current expected credit losses, leases, hedging and long-duration insurance contracts. read more

NOV 18, 2019 - 6:50 am

The FASB approved an ASU to provide temporary, optional guidance to ease the potential burden in accounting for, or recognizing the effects of, reference rate reform on financial reporting. read more

NOV 14, 2019 - 6:55 am

The Financial Accounting Standards Board appointed Aleks Zabreyko to its Emerging Issues Task Force, effective immediately. read more

NOV 7, 2019 - 6:25 am

The FASB approved its August 2019 proposal to grant private companies, non-profits and certain small public companies various effective date delays on its credit losses, leases, and hedging standards. read more

OCT 21, 2019 - 6:25 am

The FASB issued a proposed accounting standards update that would provide temporary optional guidance in accounting for, or recognizing the effects of, reference rate reform on financial reporting. read more

SEP 6, 2019 - 6:25 am

The Board of Trustees of the Financial Accounting Foundation appointed Michael M. Morrow the new chair of the Financial Accounting Standards Advisory Council, effective January 1, 2020. read more

AUG 21, 2019 - 6:25 am

The FASB is seeking public comments on a proposal that would grant certain private companies and organizations more time to implement FASB standards on current expected credit losses, leases and hedging. read more

AUG 16, 2019 - 6:25 am

The Wall Street Journal reported that the FASB has proposed to extend by three years the implementation deadline of CECL for small public lenders, private lenders and nonprofits. read more

JUL 23, 2019 - 6:40 am

The FASB issued an Accounting Standards Update that addresses two lessor implementation issues and clarifies that lessees and lessors are exempt from a certain interim disclosure requirement associated with adopting the new leases standard. read more

MAR 7, 2019 - 6:50 am

The Financial Accounting Standards Board proposed an Accounting Standards Update (ASU) and Invitation to Comment (ITC) on the recognition and measurement of deferred revenue in business combinations. read more

FEB 19, 2019 - 6:55 am

FASB staff issued a question-and-answer document that addresses particular issues related to the weighted average remaining maturity (WARM) method for estimating the allowance for credit losses. read more

JAN 11, 2019 - 6:30 am

The Financial Accounting Standards Board announced the availability of the 2019 GAAP Financial Reporting Taxonomy and the 2019 SEC Reporting Taxonomy. read more

DEC 27, 2018 - 6:35 am

The Financial Accounting Standards Board issued an Accounting Standards Update expected to reduce lessor’s implementation and ongoing costs associated with applying the new leases standard. read more

DEC 11, 2018 - 6:40 am