Accounting Standards January 14, 2026
FASB Names New Members to Its Not-for-Profit Advisory Committee
The Financial Accounting Standards Board appointed six new members to its Not-for-Profit Advisory Committee, effective immediately.
April 16, 2014
FASB Offers New Guidance for Reporting on Discontinued Operations
The Financial Accounting Standards Board (FASB) has issued new guidance that improves U.S. Generally Accepted Accounting Principles (GAAP) by more faithfully representing when a company or other organization discontinues its operations.
April 16, 2014
GASB Issues Statement on Measurement of Assets and Liabilities
The Governmental Accounting Standards Board (GASB) has issued Concepts Statement No. 6, Measurement of Elements of Financial Statements, which will guide the GASB in establishing accounting and financial reporting standards for U.S. state and local governments regarding the measurement of assets and liabilities.
April 9, 2014
New Tablet Version of GASB Research System Launched
The Financial Accounting Foundation (FAF) today announced the release of a version of the GASB Governmental Accounting Research System that has been designed for use on tablet devices.
March 26, 2014
New GASB Pension Standards Start June 15, 2014
New accounting standards for pensions will go into effect after June 15, 2014, the Governmental Accounting Standards Board has announced.
March 21, 2014
FASB Issues Update for Private Companies on Consolidation of Variable Interest Entities
The Financial Accounting Standards Board has issued guidance intended to improve private company financial reporting regarding consolidation of lessors in certain common control leasing arrangements.
March 11, 2014
GASB Offers New Toolkit for Pension Accounting Standards
A new online pension implementation toolkit was released today by the Governmental Accounting Standards Board (GASB). The toolkit is designed to help preparers, auditors, and users of state and local government financial reports understand and apply the revised pension accounting and financial reporting standards that the GASB approved in June 2012. The toolkit is available…
March 5, 2014
IFRS Taxonomy 2014 Now Available
The IFRS Foundation has published the IFRS Taxonomy 2014. The IFRS Taxonomy is a translation of International Financial Reporting Standards (IFRS) into eXtensible Business Reporting Language (XBRL).
February 25, 2014
IFRS Trustees Reappoint Two Board Members to New Terms
The Trustees of the IFRS Foundation have reappointed Amaro Gomes (South America) and Pat Finnegan (North America) to serve second five-year terms as members of the IASB. The IFRS is responsible for the governance and oversight of the International Accounting Standards Board (IASB).
February 10, 2014
AICPA, CIMA Seek to Improve Business Forecasting and Decision Making
Two associations for accounting professionals have begun international consultation on draft management accounting principles to help CFOs, CEOs and company boards of directors drive better performance at their organizations.
February 2, 2014
Financial Accounting Foundation Names CPA As Chair of Advisory Council
The Financial Accounting Foundation has announced that Steven E. Buller, CPA, managing director and former chief financial officer of BlackRock, Inc., has been appointed chairman of the group's Advisory Council (FASAC). His term begins on February 1, 2014, and concludes on December 31, 2015.
January 30, 2014
IASB Issues Interim Standard on Rate-Regulated Activities
The International Accounting Standards Board (IASB) today issued an interim Standard, IFRS 14 Regulatory Deferral Accounts. The aim of this interim Standard is to enhance the comparability of financial reporting by entities that are engaged in rate-regulated activities.
January 28, 2014
AICPA Commends FAF for Funding IASB
The American Institute of CPAs (AICPA) issued the following statement by President and CEO Barry C. Melancon, CPA, CGMA, in response to the Financial Accounting Foundation’s announcement that it will provide funding to the International Financial Reporting Standards Foundation to support the completion of international convergence projects: