The Financial Accounting Standards Board has voted to add a project to its technical agenda on market-return cash balance ...

The Financial Accounting Standards Board (FASB) plans to evaluate in 2026 whether certain cryptocurrency assets, including some stablecoins, qualify as cash equivalents, reported The Wall Street ...

It was getting on in the evening and the Senate was busy as well as sleepy, when Senator Pepper came in with a colossal bundle of printed matter. He explained that this bundle, which consisted of ...

The codification, or “cod” as it is sometimes known, is effectively the bible for GAAP. The online document was launched in 2009, replacing a paper-based system by which FASB issued printed copies of ...

FASB is set to convene on September 18 to deliberate on improvements to the U Accounting Standards Codification, as well as hold meetings with industry groups to discuss matters of mutual interest. At ...

In 2023, the Financial Accounting Standards Board (the “FASB”) issued nine Accounting Standards Updates (“ASUs”) to its Accounting Standards Codification (“ASC” or the “Codification”) compared with ...

FASB issued an Accounting Standards Update (ASU) that incorporates 14 SEC disclosure requirements into the FASB Accounting Standards Codification, a set of amendments covering a variety of topics that ...

The Financial Accounting Standards Board is revisiting a project that could lead to a minor cleanup of U.S. generally accepted accounting principles that are contained in the Accounting Standards ...

The new standard aims to improve accounting treatment of certain digital assets under GAAP and may pave the way for increased institutional adoption. On September 6, 2023, the Financial Accounting ...

For several years, the SEC staff and advisory committees, credit rating agencies, investors, the Big Four accounting firms and other interested parties have been making noise about a popular financing ...

Editor: Mark Heroux, J.D. As part of its initiative to reduce complexity in accounting standards, FASB issued Accounting Standards Update (ASU) No. 2019-12 in late 2019 for the purpose of simplifying ...