Accounting August 7, 2025
AICPA News – August 2025
AICPA News is a round-up of recent announcements from the American Institute of CPAs.
Accounting Standards August 6, 2025
Bloomberg Tax Provision Releases Built-in ASU 2023-09 Rate Reconciliation Report
Bloomberg Tax has announced a significant enhancement to its Provision software with the introduction of a new rate reconciliation report designed to adhere with the latest FASB Accounting Standards Update.
Technology August 6, 2025
OneBill Rolls Out Revenue Recognition and Compliance Solution
The new solution from OneBill, RevRec360, is designed for accounting and finance teams navigating complex revenue models.
Accounting August 5, 2025
FASB Releases 2025 Investor Outreach Report
Staff from the Financial Accounting Standards Board engaged in more than 400 investor interactions over the year that ended June 30, 2025, according to FASB's latest Investor Outreach Report.
Accounting July 30, 2025
FASB OKs New Credit Losses Guidance for Accounts Receivable, Contract Assets
The Financial Accounting Standards Board issued new optional guidance on July 30 regarding the measurement of credit losses for accounts receivable and contract assets.
Accounting Standards July 18, 2025
Financial Accounting Standards Board and the Accounting Standards Board of Japan Hold Bilateral Meeting
The meeting was the thirty-fifth in a series of meetings between the FASB and the ASBJ to further the boards’ cooperative efforts to develop high-quality global accounting standards.
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.
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.
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.
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.
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.
Accounting March 19, 2025
SEC OKs 2025 FASB Taxonomies
The SEC approved the 2025 GAAP Financial Reporting Taxonomy and two others, while the FASB finalized two additional taxonomies.