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.
Accounting Standards
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.
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.
No Escape: How to Live with the New Lease Accounting Standards
While ASC 842, IFRS 16, and GASB 87 aren’t making anyone’s life easier, there are some exceptions to the rules.