Clarification of Collaborative Arrangements Standard to Be Published by Year End
The FASB agreed to finalize a plan aimed to address questions in practice about when companies team up to share …
One More Public Review Is Anticipated for Planned Amendments to Debt Classification Guidance
The FASB plans to publish by the end of the summer a final version of an update to U.S. GAAP …
Insurance Amendments Positioned for Third Quarter Release Despite Industry Complaints
The FASB plans to hold what Chairman Russell Golden believes will be the last public debate on its much-watched insurance …
Proposed Amendment to U.S. GAAP Allows Capitalization of More Cloud Computing Costs
The FASB released for public comment a proposed amendment to U.S. GAAP developed by its Emerging Issues Task Force (EITF) …
Banks, Insurers to Get Relief From Accounting Effects of New Tax Law
The FASB agreed to finalize a proposal it released in January that aims to alleviate concerns from banks and insurance …
Tax Law May Lead to Changes in U.S. GAAP
The FASB plans to discuss at its upcoming meeting whether it needs to make a change to its accounting standard …
2018 to Usher in Major Accounting Changes for Not-for-Profit Groups
The FASB’s not-for-profit accounting standard is the first major update to not-for-profit reporting in more than two decades. Because it …
Healthcare Company Debt Presentation Rules in for Change Under New Revenue Rules
As the clock ticks toward public companies’ 2018 compliance date with the FASB’s sweeping new revenue rules, the board is …
Bitcoin Seeks Recognition From U.S. GAAP
The FASB is conducting early stage research about developing an accounting standard for digital currency and the technology that underpins …
Extraordinary Items Eliminated From U.S. GAAP
Businesses no longer will have to assess whether a one-time event is considered so rare that it merits separate reporting …