The March A&A Focus webcast featured a deep dive into step 4 of the five-step revenue recognition process outlined in FASB ASC Topic 606, as well as news on new auditing standards exposure drafts. The ...

The Financial Accounting Foundation released its annual report, offering an overview of its activities in 2024, and at the ...

Existing accounting standards have led to “scope creep,” with derivative standards being applied too often, FASB Chair ...

The FASB staff’s educational report, which does not change or modify GAAP standards, seeks to answer questions that have arisen on how construction firms should apply revenue recognition guidance to ...

The Financial Accounting Standards Board (FASB) has issued an Invitation to Comment (ITC) to gather stakeholder feedback on its future standard-setting agenda. This focuses on enhancing financial ...

The Financial Accounting Standards Board (FASB), a private, nonprofit organisation that sets financial accounting standards ...

Guidance on current expected credit losses applies to some not-for-profit organizations. Find out when and how.

The US Securities and Exchange Commission (SEC) has accepted the 2025 taxonomies for financial reporting as announced by the Financial Accounting Standards Board (FASB). These taxonomies include ...

For the PCAOB Auditing Standards, numbers refer to chapter and paragraphs. For the FASB Accounting Standards Codification, the numbers refer to area, topic, subtopic, and section. According to the ...

Journal of Accounting Research, Vol. 19, Studies on Standardization of Accounting Practices: An Assessment of Alternative Institutional Arrangements (1981), pp. 174-211 (38 pages) ...

The update marks Tesla’s first official disclosure of its total Bitcoin holdings under the new Financial Accounting Standards Board (FASB) rules that allow companies to report digital assets at ...

All public U.S. companies are required to prepare their financial statements as set out by the Financial Accounting Standards Board (FASB), whose standards are generally rules-based. FASB develops ...