FASB

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.

FASB Gives Private Companies Goodwill Accounting Break

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

FASB Chair Jones Looks Ahead

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

FASB to Take Up Digital Currencies Question

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

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.

FASB Turns Up the Heat on Goodwill Impairment Testing

The accounting standard setter's apparent lean toward allowing public companies to amortize goodwill ignores key analytical and economic consequences.

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.

Investors Want a Clear Story on CECL. Are CFOs Ready to Tell It?

Communicating credit risk model changes to investors may be the most challenging aspect of the new Current Expected Credit Loss accounting standard.

Bridging the Gaps in GAAP

Here are eight critical considerations for combating the creativity crisis in accounting.

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.

Libor’s Phase-Out: 3 Ways to Prepare

Derivatives and hedge accounting, intercompany loans, valuation models — all will be affected by the shift away from Libor.

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.