FASB to Live-Stream Virtual Lease Accounting Roundtables on September 18
By Denise Lugo The FASB plans to hold two lease accounting roundtables on September 18, 2020, virtually – a historic …
FASB Agrees by Narrow Majority to Propose Alternative for Reporting Initial Franchise Fees
By Denise Lugo The FASB on July 22, 2020, voted 4 to 3 to propose an industry-specific alternative for how …
New FASB Chairman Signals Board to Focus on Maintaining, Improving Existing Rules
By Denise Lugo New FASB Chairman Richard Jones on July 7, 2020, said his priority in the seat is to …
FASB Planning Roundtable on Credit Loss Rules for Early Next Year
By Denise Lugo The FASB plans to hold a roundtable in the first quarter next year on credit loss accounting …
FASB’s Main Advisors Caution Board Against Developing Major New Accounting Changes This Year
By Denise Lugo Senior executives from the FASB’s main advisory council cautioned the board against issuing major new accounting changes …
Golden’s Departure as FASB Chair Ends Era
By Denise Lugo FASB Chairman Russell Golden bowed out of his post last week after 16 years at the organization, …
FASB to Publish Simpler New Rules on Convertible Instruments This Summer
By Denise Lugo The FASB on June 10, 2020, voted to issue new rules this summer that simplify the accounting …
FASB Publishes Year Delay on Leases, Revenue Accounting Standards
By Denise Lugo The FASB on June 3, 2020, published a new accounting standard that grants a one-year delay on …
FASB to Publish Delays on Revenue, Lease Accounting for Private Companies Early June
By Denise Lugo The FASB on May 20, 2020, voted to extend a proposed year delay for revenue rules beyond …
Banks, Other Large Public Companies Already Adopted Credit Loss Rules, FASB Chairman Says
By Denise Lugo FASB Chairman Russell Golden told the board’s trustees that a majority of large public companies, including banks, …