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.
Accounting Standards May 1, 2025
FASB Proposes Standard to Improve Debt Exchange Accounting
The Financial Accounting Standards Board issued a proposed ASU on April 30 that would provide accounting guidance for debt exchange transactions involving multiple creditors.
Accounting Standards April 22, 2025
UWorld Awards Nearly $30,000 in Spring Accounting & Finance Scholarships, Opens Fall Applications
Three undergraduates, four graduate students, and three working professionals will be granted complimentary access to UWorld’s CPA Elite-Unlimited Course, CMA Elite-Unlimited Course, or a CFA Elite Course for Level 1, 2, or 3.
Accounting April 17, 2025
FASB Not-for-Profit Advisory Committee Meeting Recap
The FASB Not-for-Profit (NFP) Advisory Committee (the Committee) held its semiannual meeting on Thursday, March 20, 2025. The topics discussed included the following.
Accounting April 17, 2025
Financial Accounting Foundation Issues Annual Report
The report also includes perspectives from Financial Accounting Foundation leaders, who provide the oversight and accountability that are fundamental to the standard-setting process.
Accounting April 8, 2025
Georgia Reforms CPA Licensure Process, Broadens Professional Mobility
This legislation introduces significant reforms to the CPA licensure process and broadens practice privilege mobility, reflecting Georgia's commitment to a dynamic and accessible accounting profession.
Accounting April 4, 2025
Xero and Sumday Partner to Give Users 12 Months of Free Carbon Accounting Tools
This offering also provides small businesses and their accounting and bookkeeping partners with valuable training, templates and resources to enhance their carbon accounting skills.
Accounting April 1, 2025
FASB Staff Paper Provides Revenue Recognition Insights for Construction Contractors
The Financial Accounting Standards Board released a staff educational paper that answers questions pertaining to applying revenue recognition guidance about presentation and disclosures to construction contracts that contain retainage or retention provisions.
Accounting March 31, 2025
GASB Seeks Input on Disclosures for Severe Financial Stress and Probable Dissolution
The Governmental Accounting Standards Board issued a preliminary views document on March 31 regarding proposals associated with accounting and financial reporting for severe financial stress and probable dissolution disclosures.
Accounting Standards March 31, 2025
AICPA Committee Approves Clarification to Standard Related to Financial Statement Preparation as Part of a CAS Engagement
The revised language clarifies that while not required to be applied, the accountant is not precluded from applying AR-C section 70, in whole or in part.
Accounting March 25, 2025
E.U. Companies More Likely to Recognize Opportunities from Managing Climate Risks
A quarter of organizations with operations in the EU expressed a high or very high appreciation for strategic opportunities provided by effectively managing climate risks, compared to less than 10% of non-EU firms.
Accounting March 19, 2025
SEC OKs 2025 FASB Taxonomies
The SEC approved the 2025 GAAP Financial Reporting Taxonomy and two others, while the FASB finalized two additional taxonomies.
Accounting Standards March 18, 2025
Baldwin Appointed to Governmental Accounting Standards Advisory Council
Barbara Baldwin currently serves as the executive director of the Council of Internal Auditing for the State Budget and Management Office of the state of North Carolina.