FASB Proposes Later Standards Deadlines for Private Companies
The Financial Accounting Standards Board says it wants to make a two-year stagger of implementation deadlines standard practice.
FASB Gives Private Companies Breathing Room on Lease Accounting
FASB members voted unanimously to propose moving back the effective date for lease accounting and two other major new accounting standards.
New Loss Accounting Rule Will Dent Some Banks’ Capital Levels
Banks with large portfolios of consumer loans and high loan-to-asset ratios may take the worst hits, according to S&P Global Ratings.