FASB issued a proposal Thursday that would establish a set of concepts for how recognized items should be presented in a financial statement. The exposure draft issued by FASB is designed for provide ...

The standards update is part of FASB’s simplification initiative for eliminating some of the complexity from accounting standards, while maintaining or improving the usefulness of the information ...

The Financial Accounting Standards Board has released an exposure draft proposing changes in its conceptual framework related to how items are presented in a financial statement. Processing Content ...

FASB issued an Accounting Standards Update on Tuesday aimed at simplifying the presentation of debt issuance costs. ASU No. 2015-03, Interest—Imputation of Interest (Subtopic 835-30): Simplifying the ...

FASB has approved a measure to revise the presentation of debt issuance costs. Financial statement preparers told the board that existing rules establishing different balance sheet presentation ...