Financial Accounting Standards Board

Revenue Recognition: The Clock Is Ticking
Revenue Recognition

Revenue Recognition: The Clock Is Ticking

The new revenue recognition standard has implications that extend far beyond accounting.
By Eric Knachel | December 21, 2016
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FASB Scraps Controversial Bank Debt Rule
Growth Companies

FASB Scraps Controversial Bank Debt Rule

Critics said the rule added confusion to banks' earnings statements and distorted their financial performance.
By Matthew Heller | January 7, 2016
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Exceptions for Private Companies Are Damaging the GAAP Brand
Risk & Compliance

Exceptions for Private Companies Are Damaging the GAAP Brand

Writing private-company exceptions into GAAP complicates financial reporting.
By Edward W. Trott | May 4, 2015
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FASB Votes to Defer Revenue Recognition Rule
Growth Companies

FASB Votes to Defer Revenue Recognition Rule

The board votes to delay implementation for one year, after previously debating a two-year deferral.
By Matthew Heller | April 1, 2015
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Most Tech CFOs in the Dark About Revenue Rule
Revenue Recognition

Most Tech CFOs in the Dark About Revenue Rule

Fifty-seven percent of tech company CFOs responding to a BDO survey are still unfamiliar with the new revenue recognition standard.
By Matthew Heller | March 9, 2015
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FASB Moving Ahead With Nonprofit Update
Growth Companies

FASB Moving Ahead With Nonprofit Update

But chairman Russell Golden faulted the proposed changes for addressing only standards for nonprofits, a move he says could increase accounting complexity.
By Matthew Heller | March 6, 2015
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Report Card Time for Private Company Council
Growth Companies

Report Card Time for Private Company Council

The Financial Accounting Foundation is seeking input on how well the council has addressed the needs of private company financial statement users.
By Matthew Heller | February 27, 2015
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IASB Member Sees Revenue Rule Delay As Inevitable
Management Accounting

IASB Member Sees Revenue Rule Delay As Inevitable

"It's pretty obvious there's going to have to be a deferral," says IASB member Patrick Finnegan.
By Matthew Heller | February 19, 2015
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FASB Nearing Decision on Delaying Revenue Rule
GAAP and IFRS

FASB Nearing Decision on Delaying Revenue Rule

Companies are telling FASB that they need more time to redesign their practices and systems to implement the revenue recognition standard.
By Matthew Heller | January 29, 2015
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FASB Rids Income Statements of ‘Extraordinary Items’
Risk Management

FASB Rids Income Statements of ‘Extraordinary Items’

FASB issues an accounting standards update that eliminates the "Extraordinary Items" classification.
By David Katz | January 13, 2015
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Tackling Disclosure Overload
Management Accounting

Tackling Disclosure Overload

Regulators are calling on companies to reduce the boilerplate and improve the effectiveness of financial reporting.
By David Katz | December 29, 2014
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Is Private Company GAAP a Threat?
Risk & Compliance

Is Private Company GAAP a Threat?

FASB struggles with changes that would make private company financial reporting easier – but only if the company remains private.
By David Katz | November 25, 2014
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FASB Clarifies Guidance for Using Pushdown Accounting
Management Accounting

FASB Clarifies Guidance for Using Pushdown Accounting

The accounting standards setter tries to clear up the issue of pushdown accounting and when it can be used.
By Matthew Heller | November 19, 2014
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FASB Weighs Delaying New Revenue Rule
Revenue Recognition

FASB Weighs Delaying New Revenue Rule

Accounting standard setters may push back the effective date of new revenue recognition rules, says a FASB assistant director.
By Matthew Heller | November 18, 2014
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Companies Boning Up on Revenue Recognition Rules
Revenue Recognition

Companies Boning Up on Revenue Recognition Rules

Executives say they will have to make changes to internal controls and put more effort toward disclosures regarding revenue.
By Matthew Heller | November 17, 2014
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