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Accounting Standards

FASB Names New Members to Its Not-for-Profit Advisory Committee

Accounting Standards January 14, 2026 

FASB Names New Members to Its Not-for-Profit Advisory Committee

The Financial Accounting Standards Board appointed six new members to its Not-for-Profit Advisory Committee, effective immediately.

Isaac M. O'Bannon

Featured Articles

December 18, 2025  

AI Transformation Opens Door for Finance Professionals to Build Future-Ready Skills

December 17, 2025  

FASB OKs Improvements to Accounting Standards Codification

December 17, 2025  

GASB Provides New Guidance on Reporting of Subsequent Events

December 15, 2025  

Accounting Organizations Unite Against Administration De-Listing Accounting as Professional Degree

December 8, 2025  

FASB Posts New Standard to Improve Interim Reporting
 New Financial Reporting Standards for Small Businesses

November 4, 2012 

New Financial Reporting Standards for Small Businesses

New AICPA framework would offer small businesses a new method of financial reporting. The framework is intended for companies who are not required to use Generally Accepted Accounting Principles.

Isaac M. O'Bannon

 BNA Launches New Accounting Resource Center

September 17, 2012 

BNA Launches New Accounting Resource Center

Site offers tools for understanding how accounting standards can be applied, from the valuation and impairment of assets, to accounting for financial instruments, as well as how these standards are changing.

Isaac M. O'Bannon

murray-prof1

August 7, 2012 

Murray State & Texas A&M Professors Write the Book on Financial Accounting & Reporting

Two professors in the Bauernfeind College of Business at Murray State University, L. Murphy Smith, DBA (Doctor of Business Administration), and Katherine Taken Smith, DBA, along with Shannon Knight, CPA, a business professor at Texas A&M University, collaborated on a new financial accounting textbook. The book, Financial Accounting and Reporting, is published by CCH.

Isaac M. O'Bannon

IFRS1

July 17, 2012 

SEC Stalls on IFRS, Some Companies May Adopt Anyway

U.S companies will not be required to meet a mid-2013 deadline for adopting IFRS accounting standards. At least not anytime soon.

Isaac M. O'Bannon

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