Independent Joint Ventures Getting Specific Disclosure Rules, FASB Says
The FASB on October 13, 2021, continued to hammer out a proposal for joint venture formations, voting on disclosures stand-alone …
FASB to Require Same Segment Expense Disclosures for Single and Multiple Segment Companies
The FASB on October 13, 2021, continued to build a proposal for segment disclosures, discussing follow-on issues related a principle …
SEC Official: We hear You on Requests for FASB Accounting Standard-Setting on Crypto
When the FASB put out an agenda request in the summer, hundreds have asked the accounting standard-setter to tackle accounting …
FASB Advisers: Be More Specific in Investor Outreach
The FASB’s main advisers on September 30, 2021, said the board should be more specific in its investor outreach, citing …
Proposal on Disclosure Package for Supplier Finance Programs Coming by Early Next Year, FASB Says
The FASB on September 22, 2021, voted to issue a proposal that would require a buyer to disclose its supplier …
Banks Hesitant to Shift from LIBOR, Dawdling Over FASB Rate Reform Rules
Banks and other financial institutions are still hesitant over transitioning old existing contracts away from the London Interbank Offered Rate …
‘Skyrocketing Corporate Debt Figures’ Not Creating a Clamor for Simpler Classification Accounting Rules on the Topic
With net debt reaching about $3,832 billion for U.S. companies over the past year—46 percent of the total corporate debt …
Chair Jones: FASB Will Discuss Feedback on its Agenda Consultation Document Late 2021, Early 2022
The FASB will discuss public feedback received from its agenda consultation document later this year through early next year, a …
Private Company Council Adds Munich Re’s Surety Head, Reappoints Chair
The Financial Accounting Foundation (FAF) on August 24, 2021, said Candace Wright was reappointed to a third term as chair …
Private Company Accounting Rules Coming in Q4 Related to Equity-Classified Share-Based Awards
The FASB on August 4, 2021, unanimously voted to issue a narrow accounting workaround related to pricing equity-classified share option …