The Financial Accounting Standards Board issued an accounting standards update with guidance on accounting for government ...

The standards update fills a gap in the generally accepted accounting principles that previously left many companies turning ...

The Financial Accounting Standards Board has issued a new Accounting Standards Update to address ...

The ASU’s amendments provide a definition of government grants and provide clarification of their scope.

The Financial Accounting Standards Board issued a new accounting standards update aimed at improving its existing hedge ...

NORWALK, Conn.--(BUSINESS WIRE)--The Board of Trustees of the Financial Accounting Foundation (FAF) today announced the appointment of Susan M. Cosper to the Financial Accounting Standards Board (FASB ...

The Financial Accounting Standards Board finalized effective date delays of one year to standards affecting revenue recognition and leases in response to the coronavirus pandemic. FASB staff issued a ...

NORWALK, Conn.--(BUSINESS WIRE)--The Board of Trustees of the Financial Accounting Foundation (FAF) today announced that it has appointed Richard R. Jones as the next chair of the Financial Accounting ...

Changes to the financial reporting of leases by the Financial Accounting Standards Board (FASB) is a decision that is more than 10 years in the making. The new standards require businesses to record ...

Given new standards, changes in the economy, and corporate trends, accounting and financial reporting seem to grow more complex every year. The Financial Accounting Standards Board (FASB) has tried to ...

In April of 2009 the American people were in the depths of the worst financial crisis since the Great Depression. An estimated 10 million Americans had lost or were about to lose their homes, the ...