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 December 22, 2024
IASB Updates Accounting Standards for Nature-Dependent Electricity Contracts
Nature-dependent electricity contracts help companies to secure their electricity supply from sources such as wind and solar power.
Accounting Standards December 17, 2024
FASB Looks to Make Improvements to the Accounting for Environmental Credits and Environmental Credit Obligations
The proposed ASU provides recognition, measurement, presentation, and disclosure requirements for all entities that purchase or hold environmental credits or have a regulatory compliance obligation that may be settled with environmental credits.
Accounting December 17, 2024
FASB Taxonomies for 2025 Are Now Available
The Financial Accounting Standards Board released the 2025 GAAP Financial Reporting Taxonomy, which contains updates for accounting standards, and four other taxonomies on Dec. 16.
Accounting December 5, 2024
Financial Accounting Foundation Appoints Private Company Council Member
Hindman’s term will begin January 1, 2025, and conclude on December 31, 2027, when she will be eligible for consideration for reappointment to another three-year term.
Accounting Standards December 3, 2024
FASB Targets Credit Losses for Accounts Receivable, Contract Assets in Proposed ASU
The proposal addresses challenges with applying CECL to current AR and contract assets arising from revenue transactions.
Accounting Standards November 26, 2024
FASB Issues Standard on Induced Conversions of Convertible Debt Instruments
The amendments in the ASU clarify requirements for determining whether certain settlements of convertible debt instruments, including convertible debt instruments with ...
Accounting Standards November 25, 2024
GASB Proposes Guidance on Subsequent Events
The proposal defines subsequent events and provides note disclosure requirements in order to reduce diversity in practice.
Accounting Standards November 25, 2024
FASB Issues Post-Implementation Review Report for Its Revenue Recognition Standard
The report discusses how the FASB staff conducted the Revenue PIR process, which included outreach with more than 2,200 stakeholders from diverse backgrounds, key implementation support
Accounting Standards November 25, 2024
FASB Seeks Feedback on Clarification to Interim Effective Date for Disaggregation of Income Statement Expenses Standard
The proposed ASU is aimed at public business entities that do not have an annual reporting period that ends on Dec. 31.
Accounting Standards November 25, 2024
New GASB Members Named
The Financial Accounting Foundation's Board of Trustees has appointed Robert W. Scott and Dianne E. Ray to the GASB board.
Accounting November 19, 2024
FASB Looks to Add New Guidance on How Businesses Account For Government Grants
The proposal would establish rules on the recognition, measurement, and presentation of a government grant received by a business.
Accounting November 14, 2024
FASB Seeks Comment on Financial KPIs
An invitation to comment was issued on Nov. 14 as part of the FASB's research project on financial KPIs for business entities.