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Accounting Standards

Why Your WISP Is Essential in 2026 – Accounting Technology Lab Podcast – August 2026

Accounting Technology Lab Podcast August 21, 2026 

Why Your WISP Is Essential in 2026 – Accounting Technology Lab Podcast – August 2026

Randy and Brian explain why a written information security plan is no longer a compliance document that can sit on a shelf.

Brian Tankersley, Randy Johnston

Featured Articles

August 18, 2026  

Hillary Salo Tapped as Next FASB Chair

August 18, 2026  

FASB Proposal Could Shape How Stablecoins Are Classified as Cash Equivalents

July 1, 2026  

Investment Company Fair Value Reporting is the Subject of Latest FASB Proposed ASU

June 17, 2026  

FASB Sets Out to Improve Hedge Accounting Guidance

June 10, 2026  

FASB Aims to Improve Guidance on Market-Return Cash Balance Plans
AICPA Seeks Comment on Proposed Criteria for Stablecoin Controls

Accounting Standards June 16, 2025 

AICPA Seeks Comment on Proposed Criteria for Stablecoin Controls

The American Institute of CPAs (AICPA) is reinforcing its role as a leading voice in the treatment of digital assets by providing a framework for controls over stablecoins.

Isaac M. O'Bannon

FASB OKs Update to Guidance on Share-Based Consideration Payable to a Customer

Accounting May 15, 2025 

FASB OKs Update to Guidance on Share-Based Consideration Payable to a Customer

The Financial Accounting Standards Board issued an Accounting Standards Update on May 15 that clarifies accounting guidance for share-based consideration payable to a customer in conjunction with selling goods or services.

Jason Bramwell

FASB Issues Standard Clarifying Accounting Acquirer in a Business Combination

Accounting May 12, 2025 

FASB Issues Standard Clarifying Accounting Acquirer in a Business Combination

The Financial Accounting Standards Board published new rules on May 12 that the board says improve the requirements for identifying the accounting acquirer in FASB ASC Topic 805, Business Combinations.

Jason Bramwell

FASB Proposes Standard to Improve Debt Exchange Accounting

Accounting Standards May 1, 2025 

FASB Proposes Standard to Improve Debt Exchange Accounting

The Financial Accounting Standards Board issued a proposed ASU on April 30 that would provide accounting guidance for debt exchange transactions involving multiple creditors.

Jason Bramwell

UWorld Awards Nearly $30,000 in Spring Accounting & Finance Scholarships, Opens Fall Applications

Accounting Standards April 22, 2025 

UWorld Awards Nearly $30,000 in Spring Accounting & Finance Scholarships, Opens Fall Applications

Three undergraduates, four graduate students, and three working professionals will be granted complimentary access to UWorld’s CPA Elite-Unlimited Course, CMA Elite-Unlimited Course, or a CFA Elite Course for Level 1, 2, or 3.

Isaac M. O'Bannon

FASB Not-for-Profit Advisory Committee Meeting Recap

Accounting April 17, 2025 

FASB Not-for-Profit Advisory Committee Meeting Recap

The FASB Not-for-Profit (NFP) Advisory Committee (the Committee) held its semiannual meeting on Thursday, March 20, 2025. The topics discussed included the following.

Isaac M. O'Bannon

Financial Accounting Foundation Issues Annual Report 

Accounting April 17, 2025 

Financial Accounting Foundation Issues Annual Report 

The report also includes perspectives from Financial Accounting Foundation leaders, who provide the oversight and accountability that are fundamental to the standard-setting process.

Isaac M. O'Bannon

Georgia Reforms CPA Licensure Process, Broadens Professional Mobility

Accounting April 8, 2025 

Georgia Reforms CPA Licensure Process, Broadens Professional Mobility

This legislation introduces significant reforms to the CPA licensure process and broadens practice privilege mobility, reflecting Georgia's commitment to a dynamic and accessible accounting profession.

Isaac M. O'Bannon

Xero and Sumday Partner to Give Users 12 Months of Free Carbon Accounting Tools

Accounting April 4, 2025 

Xero and Sumday Partner to Give Users 12 Months of Free Carbon Accounting Tools

This offering also provides small businesses and their accounting and bookkeeping partners with valuable training, templates and resources to enhance their carbon accounting skills. 

Isaac M. O'Bannon

FASB Staff Paper Provides Revenue Recognition Insights for Construction Contractors

Accounting April 1, 2025 

FASB Staff Paper Provides Revenue Recognition Insights for Construction Contractors

The Financial Accounting Standards Board released a staff educational paper that answers questions pertaining to applying revenue recognition guidance about presentation and disclosures to construction contracts that contain retainage or retention provisions.

Jason Bramwell

GASB Seeks Input on Disclosures for Severe Financial Stress and Probable Dissolution

Accounting March 31, 2025 

GASB Seeks Input on Disclosures for Severe Financial Stress and Probable Dissolution

The Governmental Accounting Standards Board issued a preliminary views document on March 31 regarding proposals associated with accounting and financial reporting for severe financial stress and probable dissolution disclosures.

Jason Bramwell

AICPA Committee Approves Clarification to Standard Related to Financial Statement Preparation as Part of a CAS Engagement

Accounting Standards March 31, 2025 

AICPA Committee Approves Clarification to Standard Related to Financial Statement Preparation as Part of a CAS Engagement

The revised language clarifies that while not required to be applied, the accountant is not precluded from applying AR-C section 70, in whole or in part. 

Isaac M. O'Bannon

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