FASB Unanimously Votes to Finalize Proposed Disclosure Rules on Income Taxes
The FASB on Aug. 30, 2023, unanimously voted to finalize proposed disclosure rules on income taxes, touting the benefits to …
Considering an IPO? Time to Factor in FASB Public Company Accounting Rules
Some practitioners say they are cautiously optimistic that the initial public offering (IPO) market could pick up later this year, …
Exclusive Midyear Interview with FASB Chair Richard Jones
FASB Chair Richard Jones likened the accounting year so far to country music group Zac Brown Band’s “Same Boat,” a …
FASB Proposes New Disclosure Rules for Public Companies on Income Statement Expenses
The FASB on July 31, 2023, issued a proposal that will require public companies to disclose additional information about significant …
FASB Votes to Finalize Proposed Changes to Segment Expense Disclosure Rules
The FASB on July 26, 2023, voted to finalize proposed changes to segment reporting, wrapping up about six years of …
Can FASB Fix Complex Commodities Accounting Rules? Not Without IFRS, CPA Group Says
Accountants who believe that the FASB may end up aligning U.S. GAAP with international financial reporting standards on commodities, recently …
Securities Industry Asks FASB for Three Extra Months to Study Proposal on Purchased Financial Assets
The Securities Industry and Financial Markets Association (SIFMA) asked the FASB to extend the comment period on proposed accounting rules …
FASB Proposes to Amend Credit Loss Accounting Rules to Simplify Reporting of Purchased Financial Assets
The FASB on June 27, 2023, issued a proposal to obtain public comment on changes to provide a single accounting …
Unique Effective Date Challenge Posed for Private Companies on Coming FASB Rules on SEC Disclosures
Private companies will not know when coming FASB disclosure rules that are aimed at incorporating certain SEC disclosures into U.S. …
New FASB Lease Accounting Rules Better for Investors but Some Financial Reports Lack Comparability
Questions continue to surface to the FASB about lease accounting rules, including whether analysts and lenders find the resulting new …