US accounting standard maker will also consider how companies should recognise and report transfers of crypto assets.

FASB to weigh whether some stablecoins and other digital assets qualify as cash equivalents, as it also decides which of over ...

Learn about the Statement of Financial Accounting Concepts issued by FASB, outlining financial reporting principles and their role in shaping GAAP standards.

The Financial Accounting Standards Board is making plans for its future projects, including digital assets, intangibles, government grants, and accounting for financial instruments with environmental, ...

Under Accounting Standards Update 2023-09, companies must detail much more information on the income taxes they pay than was ...

Forbes contributors publish independent expert analyses and insights. I am the Kester and Brynes Professor at Columbia Business School and a Chazen Senior Scholar at the Jerome A. Chazen Institute for ...

The Financial Accounting Standards Board has appointed Hillary H. Salo, a partner at KPMG, as its new technical director and chair of the Emerging Issues Task Force. She started her accounting career ...

In 1973, the Financial Accounting Standards Board was established to develop a set of financial accounting standards known as generally accepted accounting principals for the private sector. GAAP ...

The Financial Accounting Standards Board is a non-governmental, accounting-oversight organization that maintains accepted accounting rules that businesses in the U.S. follow. If businesses do not ...

FASB issued a new accounting standard Thursday that is designed to help not-for-profits tell their story through their financial statements. Not-for-profit financial statements have been prepared ...

FASB voted Wednesday to extend by one year the effective date of its revenue recognition standard to all nonpublic entities that have not yet issued their financial statements. The board originally ...