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Accounting Standards

AICPA Urges OCC to Leverage Established Stablecoin Reporting and Controls Criteria in GENIUS Act Rulemaking

Accounting Standards May 5, 2026 

AICPA Urges OCC to Leverage Established Stablecoin Reporting and Controls Criteria in GENIUS Act Rulemaking

To address growing demand for clarity and consistency in stablecoin reporting, the AICPA released the 2025 Criteria for Stablecoin Reporting in two parts.

Featured Articles

April 23, 2026  

FASB OKs New Guidance on Paid-in-Kind Dividends

April 13, 2026  

GASB Mulls Changing Structure for How GAAP is Communicated to State and Local Governments

April 9, 2026  

GASB Looks to Improve Guidance on Infrastructure Assets

March 16, 2026  

Unlocking Green Finance for SMEs Starts with Better Data

February 26, 2026  

GASB Seeks Comments on Updated Guidance for Financial Reporting Model Improvements
GASB Proposes Guidance on Subsequent Events

Accounting Standards November 25, 2024 

GASB Proposes Guidance on Subsequent Events

The proposal defines subsequent events and provides note disclosure requirements in order to reduce diversity in practice.

Jason Bramwell

FASB Issues Post-Implementation Review Report for Its Revenue Recognition Standard

Accounting Standards November 25, 2024 

FASB Issues Post-Implementation Review Report for Its Revenue Recognition Standard

The report discusses how the FASB staff conducted the Revenue PIR process, which included outreach with more than 2,200 stakeholders from diverse backgrounds, key implementation support

Isaac M. O'Bannon

FASB Seeks Feedback on Clarification to Interim Effective Date for Disaggregation of Income Statement Expenses Standard

Accounting Standards November 25, 2024 

FASB Seeks Feedback on Clarification to Interim Effective Date for Disaggregation of Income Statement Expenses Standard

The proposed ASU is aimed at public business entities that do not have an annual reporting period that ends on Dec. 31.

New GASB Members Named

Accounting Standards November 25, 2024 

New GASB Members Named

The Financial Accounting Foundation's Board of Trustees has appointed Robert W. Scott and Dianne E. Ray to the GASB board.

Isaac M. O'Bannon

FASB Looks to Add New Guidance on How Businesses Account For Government Grants

Accounting November 19, 2024 

FASB Looks to Add New Guidance on How Businesses Account For Government Grants

The proposal would establish rules on the recognition, measurement, and presentation of a government grant received by a business.

Jason Bramwell

FASB Seeks Comment on Financial KPIs

Accounting November 14, 2024 

FASB Seeks Comment on Financial KPIs

An invitation to comment was issued on Nov. 14 as part of the FASB's research project on financial KPIs for business entities.

Jason Bramwell

FASB Rolls Out Plan to Improve Interim Reporting Guidance

Accounting November 13, 2024 

FASB Rolls Out Plan to Improve Interim Reporting Guidance

A proposal issued on Nov. 13 is intended to provide stakeholders some clarity on the current interim reporting requirements.

Jason Bramwell

Federal Judges Say Google Lied and Cheated in Monopoly Cases

Accounting Standards November 11, 2024 

Federal Judges Say Google Lied and Cheated in Monopoly Cases

The tactics led a Virginia federal court judge to conclude that an “awful lot of evidence has likely been destroyed,” and provoked a San Francisco federal court judge to criticize Google for lying to the court and deliberately hiding evidence from opponents.

Archived Webcast – S Corporation vs. LLC: Similarities and Differences

Accounting November 21, 2024  Sponsored

Archived Webcast – S Corporation vs. LLC: Similarities and Differences

While S Corporations and Limited Liability Companies (LLCs) are similar because they provide liability protection for business owners and allow for pass-through tax treatment, there are many differences as to how they are operated, complied with, and taxed.

FASB Adds Standard on Income Statement Expenses

Accounting November 4, 2024 

FASB Adds Standard on Income Statement Expenses

The FASB listened to investor requests by requiring public companies to disclose more information about certain expenses.

Jason Bramwell

FASB Proposal Aims to Clarify Guidance on Accounting Acquirer in Business Combinations

Accounting Standards October 31, 2024 

FASB Proposal Aims to Clarify Guidance on Accounting Acquirer in Business Combinations

The determination of the accounting acquirer can significantly affect the carrying amounts of the combined entity’s assets and liabilities, which can affect the combined entity’s post-transaction net income.

Isaac M. O'Bannon

FASB Tackles Plans to Update Software Cost Accounting Guidance

Accounting October 29, 2024 

FASB Tackles Plans to Update Software Cost Accounting Guidance

The updated rules would enhance the transparency of an entity's cash flows related to internal-use software costs, the FASB says.

Jason Bramwell

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