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FASB

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IASB calls for feedback on proposal to defer the effective date of the revenue Standard

20/05/2015(0)
The IASB has today published for consultation a proposal to defer the effective date of the revenue Standard, IFRS 15 Revenue from Contracts with Customers, by one year to ... Read More
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Investors Leery of Separate Accounting Standards for Private Companies

19/05/2015(0)
The majority of investors are apprehensive about the creation of separate accounting standards for private companies, and the argument in favor of such standards “doesn’t withstand scrutiny,” according to ... Read More
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AICPA urges FAF to maintain momentum on private company issues

13/05/2015(0)
The AICPA is encouraging the Financial Accounting Foundation (FAF) to maintain the commitment to private company accounting that it has displayed through the work of the Private Company Council ... Read More
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FASB plans two new proposals to simplify accounting

26/03/2015(0)
FASB took steps to simplify accounting in two areas last week when it voted to direct the board’s staff to prepare a pair of proposed Accounting Standards Updates. Upon ... Read More
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IASB sets out practical effects of bringing leases onto the balance sheet

17/03/2015(0)
The International Accounting Standards Board (IASB) is in the process of finalising a new International Financial Reporting Standard (IFRS) that will require companies to bring leases onto the balance ... Read More
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FASB’s proposed 2015 GAAP taxonomy available for comment

02/09/2014(0)
FASB released its proposed 2015 GAAP Financial Reporting Taxonomy on Friday and asked for public review and comment. The taxonomy is a list of financial reporting labels that are ... Read More
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FASB proposes simpler accounting for fees paid to cloud service providers

21/08/2014(0)
FASB on Tuesday issued a proposal designed to simplify the accounting for fees that public and private companies pay as customers in cloud-computing arrangements with third-party service providers. Rules ... Read More
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FASB Unveils Plan to Simplify Inventory, Extraordinary Items

18/07/2014(0)
In its quest to simplify accounting standards, the Financial Accounting Standards Board has issued two new proposals — one to make it easier to measure inventory and another to ... Read More
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Can investors win in a new era of accounting?

04/07/2014(0)
Big changes over global accounting standards go into effect in 2017, and they could greatly influence how profitable companies are perceived. Like an operating system runs a computer, revenue ... Read More
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FASB Finalizes New Rule on Stock Compensation

25/06/2014(0)
The Financial Accounting Standards Board has finalized new accounting requirements around stock compensation intended to resolve differences in how companies treat awards that have specific performance targets attached. FASB’s ... Read More
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