Accounting Standards Archives - CFO

FASB Launches Agenda Consultation Project

Revenue Recognition

FASB Launches Agenda Consultation Project

The first in five years, the project seeks comments about the Financial Accounting Standards Board's future standard-setting agenda.

By Vincent Ryan | June 28, 2021

SEC Could Reclassify SPAC Warrants And Hold Up New Filings: Report

Mergers & Acquisitions

SEC Could Reclassify SPAC Warrants And Hold Up New Filings: Report

Warrants could soon be considered liabilities instead of equity for accounting purposes.

By Vincent Ryan | April 13, 2021

FASB Gives Private Companies Goodwill Accounting Break

FASB Gives Private Companies Goodwill Accounting Break

Assessments and tests for goodwill impairment can be left until the end of the reporting period.

By Vincent Ryan | March 31, 2021

FASB Chair Jones Looks Ahead

FASB Chair Jones Looks Ahead

Seven months in, Richard R. Jones gives his perspective on cryptocurrencies, climate risk disclosures, and possible goodwill accounting changes.

By Vincent Ryan | March 18, 2021

FASB to Take Up Digital Currencies Question

Growth Companies

FASB to Take Up Digital Currencies Question

Current GAAP accounting prohibits a business from showing the true value of its crypto assets, say critics.

By Vincent Ryan | October 21, 2020

PCAOB to Consider Revising Audit Evidence Rule

PCAOB to Consider Revising Audit Evidence Rule

The board will assess whether it should change its standard to reflect the growing use of technology-based auditing tools.

By Matthew Heller | September 9, 2020

The Importance of Accounting Comparability

The Importance of Accounting Comparability

Could deviating from industry norms and employing atypical accounting choices hurt companies and managers?

By Vincent Ryan | July 6, 2020

Capitalizing On the Lease Accounting Deadline Extension

Lease Accounting

Capitalizing On the Lease Accounting Deadline Extension

Rather than shelving the compliance project to be picked up at a later date, firms must leverage this time to be more strategic in their approach.

By Vincent Ryan | June 18, 2020

Buffett Rebuffed

Growth Companies

Buffett Rebuffed

The Berkshire chairman decried the FASB mandate on new reporting for unrealized gains and losses. His airline holdings proved him wrong.

By Vincent Ryan | June 1, 2020

Is COVID-19 a Triggering Event for Impairment Testing?

Growth Companies

Is COVID-19 a Triggering Event for Impairment Testing?

Once companies are able to assess impacts to actual and forecasted results, they should consider whether such impacts represent a triggering event.

By Steve Hills | April 16, 2020

Virus Relief Bill Delays CECL Rule for Banks

Accounting Standards

Virus Relief Bill Delays CECL Rule for Banks

Congress makes a rare intervention to delay when large public banks must change how they account for losses on souring loans.

By Matthew Heller | March 27, 2020

Key Steps to the Lease Accounting Close

Internal Controls

Key Steps to the Lease Accounting Close

While some organizations have transitioned smoothly, others are still struggling to make the necessary business process and control changes.

By Vincent Ryan | January 27, 2020

Technical Accounting: The CFO’s Secret Weapon

Revenue Recognition

Technical Accounting: The CFO’s Secret Weapon

A great partnership with accounting will actually help drive and influence financial results (legally, of course).

By Vincent Ryan | January 21, 2020

CFO Magazine’s Most-Read Stories of 2019

CFO Magazine’s Most-Read Stories of 2019

Our most-popular articles reflected finance chiefs' top concerns during the decade's final year.

By Vincent Ryan | January 1, 2020

EY Partner Named New FASB Chair

EY Partner Named New FASB Chair

“Rich Jones brings together all of the important qualities we were looking for in FASB’s next leader,” said FAF Chairman Charles H. Noski.

By Vincent Ryan | December 20, 2019