FASB Issues New Rules on Segment Reporting
The guidance will provide investors with additional useful information about a public company's segment expenses, the FASB says.
Accounting Standards
New Jersey Society of CPAs Announces CPA Exam Lottery Winners
The annual lottery, which launched in 2019, was created to partially offset the cost of preparing for and taking the CPA Exam.
FASB Issues Disclosure Improvements in Response to the SEC’s Disclosure Update and Simplification Initiative
The amendments in the ASU are expected to clarify or improve disclosure and presentation requirements of a variety of Codification Topics.
FASB to Host Public Roundtable on Proposal to Improve Disclosures around Income Statement Expenses
The Financial Accounting Standards Board (FASB) will host a public roundtable on its July 2023 proposed Accounting Standards Update (ASU).
FASB OKs New Crypto Assets Standard
The new rules will require certain cryptocurrency assets, such as Bitcoin and Ethereum, to be measured at fair value.
FASB Approves New Accounting Rules for Joint Ventures
The ASU, issued by the FASB on Aug. 23, provides specific guidance on the accounting for joint venture formations.
FASB Seeks Public Comment on Proposal to Improve Disclosures around Income Statement Expenses
The proposed ASU would require public companies to provide detailed disclosure of specified categories underlying certain expense captions in interim and annual periods.
IASB Seeks Input for Review of Accounting Standard on Revenue
The accounting standard was developed jointly with the U.S. Financial Accounting Standards Board and came into effect in 2018.