Accounting Standards January 6, 2025
The Accounting Standards Update clears up confusion on the interim effective date of FASB's new disaggregation of income statement expenses standard for public business entities that don't have an annual reporting period ending on Dec. 31.
January 3, 2025
December 23, 2024
December 17, 2024
Accounting February 28, 2023
As a result of this change, the former “Professional View” paid subscription service has been eliminated.
Accounting February 6, 2023
If cleared as final implementation guidance, the question and answer in this supplemental Exposure Draft will be added to previously exposed questions and ...
Accounting February 3, 2023
Companies would be required to measure crypto assets, like Bitcoin and Ethereum, using fair value accounting.
Accounting January 30, 2023
FAF hasn’t set a firm date for this change to online access to accounting standards, but it’s expected this spring.
Accounting December 21, 2022
The ASU extends the period time for financial statement preparers to use the reference rate reform relief guidance.
Accounting December 19, 2022
The Accounting Standards Update approved by the FASB on Dec. 15 amends transition guidance in ASU No. 2018-12.
Accounting December 19, 2022
The 2023 GAAP Financial Reporting Taxonomy is expected to be accepted as final by the SEC in early 2023.
Accounting December 1, 2022
Comments on the proposed Accounting Standards Update can be submitted until Jan. 16, 2023.
Accounting November 22, 2022
Stakeholders are encouraged to review and provide comment on the proposed chapter by Feb. 21, 2023.
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Accounting November 6, 2022
The National Association of State Boards of Accountancy (NASBA) announces members of its Board of Directors for 2022-2023. Members were installed during NASBA’s 115th Annual Meeting, held Oct. 30 – Nov. 2, 2022, in San Diego, CA.
Accounting October 27, 2022
The proposed ASU would give investors more information about a joint venture’s separate financial statements.
Accounting October 19, 2022
Stakeholders are asked to provide input on the characteristics of a reporting entity by Jan. 16, 2023.