FASB to Begin Discussions Early Next Year on Rules for Contributions of Nonmonetary Assets in Joint Ventures
By Denise Lugo The FASB will decide during the first quarter of next year what new guidelines companies should follow …
Ernst & Young Chief Accountant Richard Jones Appointed New FASB Chairman
By Denise Lugo The Financial Accounting Foundation (FAF) on December 19, 2019, said Richard Jones, chief accountant and partner at …
Rep. Sherman, as Capital Markets Chair, Will Increase Accounting Focus
By Bill Flook Rep. Brad Sherman, the new chairman of the House Financial Services Committee’s Capital Markets subcommittee, said he …
Liabilities and Equity, LIBOR, Companies’ Implementation Efforts top FASB’S for First Half of 2020
By Denise Lugo FASB Chairman Russell Golden said the board plans to wrap up work on most major standard-setting projects …
FASB Tweaks Credit Loss Rules to Smooth Implementation Hurdles
By Denise Lugo The FASB on November 26, 2019, issued narrowly drawn amendments to clarify five issues accountants flagged under …
Subset of Companies Get Deferral on New FASB Rules for Credit Losses, Hedging, Lease, Insurance Rules
By Denise Lugo As expected, the FASB on November 15, 2019, issued two new accounting standards with a set of …
FASB Issues Narrow Rules to Simplify Accounting for Share-Based Payments to Customers
By Denise Lugo The FASB issued a new accounting standard on November 11, 2019, to provide companies with a simpler, …
Legislative Push Against FASB’s Credit Loss Rules Reignites Concerns About Independent Standard-Setting Process
By Denise Lugo Recent efforts by U.S. legislators to push the FASB to stop and further study the economic impacts …
Plethora of New FASB Rules Spurring Job Growth in Accounting Profession, Study Claims
By Denise Lugo The number of U.S. jobs for accountants, auditors, and financial specialists will continue to climb over the …
U.S. Accounting Rulemakers Faced with Tough Decisions over Credit Loss Rules
By Denise Lugo The FASB will vote on October 16, 2019, about whether to finalize an August proposal that aims …