Accounting April 1, 2025
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
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 March 19, 2025
The SEC approved the 2025 GAAP Financial Reporting Taxonomy and two others, while the FASB finalized two additional taxonomies.
Accounting February 27, 2025
A post-implementation review report released on Feb. 26 concluded the Governmental Accounting Standards Board's fair value measurement standard—Statement No. 72, Fair Value Measurement and Application—has met its objectives.
Accounting October 9, 2023
The amendments in the ASU are expected to clarify or improve disclosure and presentation requirements of a variety of Codification Topics.
Accounting October 4, 2023
The Financial Accounting Standards Board (FASB) will host a public roundtable on its July 2023 proposed Accounting Standards Update (ASU).
Accounting September 7, 2023
The new rules will require certain cryptocurrency assets, such as Bitcoin and Ethereum, to be measured at fair value.
Accounting August 23, 2023
The ASU, issued by the FASB on Aug. 23, provides specific guidance on the accounting for joint venture formations.
Accounting August 1, 2023
The proposed ASU would require public companies to provide detailed disclosure of specified categories underlying certain expense captions in interim and annual periods.
Accounting June 30, 2023
The accounting standard was developed jointly with the U.S. Financial Accounting Standards Board and came into effect in 2018.
Accounting June 28, 2023
While ASC 842, IFRS 16, and GASB 87 aren’t making anyone’s life easier, there are some exceptions to the rules.
Accounting June 27, 2023
The proposal would eliminate the “double count” that occurs under current expected credit loss (CECL) accounting.