Apr 1, 2025 · The FASB establishes and improves standards of financial accounting and reporting that foster financial reporting by nongovernmental entities that provides decision-useful information to investors and other users of financial reports.

The FASB Accounting Standards Codification ® is the single official source of authoritative, nongovernmental U.S. generally accepted accounting principles (GAAP).

The FASB develops and issues financial accounting standards through a transparent and inclusive process intended to promote financial reporting that provides useful information to …

Welcome to the FASB Accounting Standards Codification By clicking on Access below, you agree to our terms and conditions.

Established in 1973, the Financial Accounting Standards Board (FASB) is the independent, private-sector, not-for-profit organization based in Norwalk, Connecticut, that establishes financial accounting and reporting standards for public and private companies and not-for-profit organizations that follow Generally Accepted Accounting Principles ...

Jul 1, 2009 · The FASB establishes and improves standards of financial accounting and reporting for nongovernmental entities to provide decision-useful information to investors and other users.

The FASB issues an Accounting Standards Update (Update or ASU) to communicate changes to the FASB Codification, including changes to non-authoritative SEC content.

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Board Members The seven members of the FASB serve full time and, to foster their independence, are required to sever connections with the firms or institutions they served …

The webpage provides updates on accounting standards issued by FASB for the year 2025.