
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.
The guidance will provide investors with additional useful information about a public company's segment expenses, the FASB says.
The annual lottery, which launched in 2019, was created to partially offset the cost of preparing for and taking the CPA Exam.
The amendments in the ASU are expected to clarify or improve disclosure and presentation requirements of a variety of Codification Topics.
The Financial Accounting Standards Board (FASB) will host a public roundtable on its July 2023 proposed Accounting Standards Update (ASU).
The new rules will require certain cryptocurrency assets, such as Bitcoin and Ethereum, to be measured at fair value.
The ASU, issued by the FASB on Aug. 23, provides specific guidance on the accounting for joint venture formations.
The proposed ASU would require public companies to provide detailed disclosure of specified categories underlying certain expense captions in interim and annual periods.
The accounting standard was developed jointly with the U.S. Financial Accounting Standards Board and came into effect in 2018.