Accounting April 26, 2023
What You Need to Know about GASB 96
The most challenging part could be tracking down exactly which SBITAs your clients are using and under what licensing criteria.
Accounting April 18, 2023
U.S. and Japan Accounting Standard Setters Hold Biannual Meeting
This was the 32nd in a series of meetings between the FASB and the Accounting Standards Board of Japan.
Accounting April 14, 2023
FASB Issues New Accounting Rules for Investments in Tax Credit Structures
Reporting entities can now elect to account for qualifying tax equity investments using the proportional amortization method.
Auditing April 11, 2023
FASB to Host ‘Fireside Chat’ with FASB Chair Rich Jones, and PWC Vice Chair Wes Bricker
The conversation will highlight several interesting topics such as the Financial Data Transparency Act and its potential impact on corporate SEC registrants, the use of ...
Accounting March 31, 2023
Financial Accounting Standards Advisory Council Meeting Recap
The FASB chair provided highlights on FASB activities, and the SEC and PCAOB staff members commented on current issues and activities.
Accounting March 24, 2023
FASB Issues Long-Awaited Exposure Draft on Crypto Asset Accounting
Board said fair value accounting was the right method for crypto assets, not the current cost-less-impairment model.
Accounting March 16, 2023
FASB Sets Out Plan to Improve Income Tax Disclosures
The proposed ASU addresses investor requests for more transparency about income tax information.
Accounting February 28, 2023
FAF Now Provides Unfettered Online Access to FASB, GASB Accounting Standards
As a result of this change, the former “Professional View” paid subscription service has been eliminated.
Accounting February 6, 2023
GASB Proposes New Guidance for Subscription-Based IT Services
If cleared as final implementation guidance, the question and answer in this supplemental Exposure Draft will be added to previously exposed questions and ...
Accounting February 3, 2023
FASB Votes to Move Ahead with Proposed Crypto Asset Accounting Standard
Companies would be required to measure crypto assets, like Bitcoin and Ethereum, using fair value accounting.
Accounting January 30, 2023
FAF Widens Access Online to FASB and GASB Standards
FAF hasn’t set a firm date for this change to online access to accounting standards, but it’s expected this spring.
Accounting December 21, 2022
FASB Decides to Defer Sunset Date of Reference Rate Reform Guidance
The ASU extends the period time for financial statement preparers to use the reference rate reform relief guidance.