Accounting November 22, 2022
FASB Proposes New Conceptual Framework Chapter on Recognition and Derecognition
Stakeholders are encouraged to review and provide comment on the proposed chapter by Feb. 21, 2023.
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Accounting November 6, 2022
NASBA Announces 2022-23 Board of Directors
The National Association of State Boards of Accountancy (NASBA) announces members of its Board of Directors for 2022-2023. Members were installed during NASBA’s 115th Annual Meeting, held Oct. 30 – Nov. 2, 2022, in San Diego, CA.
Accounting October 27, 2022
FASB Seeks to Amend Accounting Rules for Joint Ventures
The proposed ASU would give investors more information about a joint venture’s separate financial statements.
Accounting October 19, 2022
FASB Proposes New Chapter—the Reporting Entity—for Its Conceptual Framework
Stakeholders are asked to provide input on the characteristics of a reporting entity by Jan. 16, 2023.
Accounting October 13, 2022
FASB Decides on Accounting Method for Crypto Assets
Companies should measure crypto assets, like Bitcoin and Ethereum, using fair value accounting, the FASB said.
Accounting October 10, 2022
FASB: ’Significant Change’ Proposed for Segment Reporting Rules
The FASB says the proposed ASU would improve disclosures about a public company's segment expenses.
Accounting September 29, 2022
5 Mistakes to Avoid When Implementing the New Lease Standard
Simplify your lease accounting implementation by learning from the mistakes of public and international companies that are in their fourth year of following the new lease standard.
Accounting September 19, 2022
Accounting Profession Not Ready for ESG Measuring and Reporting, Says PICPA
PICPA surveyed members on their perceptions of ESG to fully understand how the accounting profession is preparing for new reporting standards in this area.
Accounting June 27, 2022
FASB to Review Accounting For Environmental Credit Programs
The Financial Accounting Standards Board (FASB) recently decided to tackle a project that could result in new rules being created on how companies should account for environmental credits, such as renewable energy credits and carbon offset credits.
March 29, 2021
SEC Accepts 2021 GAAP Financial Reporting Taxonomy and SEC Reporting Taxonomy
The 2021 GAAP Taxonomy contains updates for accounting standards, improvements for two SEC final rules, and other recommended improvements.
March 4, 2021
GASB Requests Input on Proposal to Improve Guidance on Compensated Absences, Amend Certain Disclosures
The proposed Statement would supersede the guidance issued by the GASB in Statement No. 16, Accounting for Compensated Absences, which was issued in 1992. The proposal is in keeping with the Board’s commitment to periodically reexamine its standards to...
February 23, 2021
FASB Announces New Investor Education Video on Convertible Instruments
They also walk viewers through examples that demonstrate how the standard will impact the income statement, earnings-per-share calculations, and other related areas.