FASB decided to limit the scope of this Update because it does not want to delay the improved transparency in an entity s financial statements about the allowance for credit losses and the credit ...

FASB has issued new lease accounting guidance allowing options for how to reflect uncertain operating lease receivables, which is sure to produce reporting differences.

In December 2021 the Financial Accounting Standards Board (“FASB”) and the International Accounting Standards Board (“IASB”) released their proposed amendments to their accounting standards that will ...

Trade payables programs have in recent years increased greatly in popularity among both large and small companies. While originally the sole domain of the large global banks and firmly based on a ...

The Financial Accounting Standards Board is taking another crack at defining off-balance-sheet entities, and this time securitization vehicles are the target. The board proposed Tuesday to amend its ...

Bob Herz is retiring as FASB’s chairman. Fellow board member Leslie Seidman has been appointed acting chairman, effective Oct. 1, according to a press release issued by the Financial Accounting ...

The not-for-profit reporting model changes from the Financial Accounting Standards Board (FASB), effective now, are the first since 1993 and are intended to address inconsistencies in financial ...

In the world of accounting, it can be difficult for any small business owner to make her way through the alphabet of acronyms. Discussing the alphabet soup of accounting acronyms and terms such as ...

Norwalk, Conn. - The Financial Accounting Standards Board has released a new set of standards aimed at improving the transparency of financial reporting by companies that hold financing receivables, ...