Learn how FASB defines U.S. accounting standards under GAAP, its partnership with IASB, and its impact on financial reporting ...

In March, Congress passed the Coronavirus Aid, Relief and Economic Security (CARES) Act to help stabilize the U.S. economy in the wake of COVID-19. Included in the Act, and little noticed by the ...

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, ...

FASB on Tuesday published an Accounting Standards Update (ASU) aimed at improving the financial accounting for and disclosure of activities related to environmental credits and environmental credit ...

In a long-anticipated move, Bloomberg Tax reported that the Financial Accounting Standards Board (FASB) is set to introduce new fair value accounting rules for Bitcoin and other cryptocurrencies.

The US Financial Accounting Standards Board (FASB) has released an Accounting Standards Update (ASU) to enhance the requirements for identifying the accounting acquirer in FASB Accounting Standards ...

Previously GAAP provided no specific guidance to help companies account for carbon offsets and emissions allowances related ...

Recent changes to FASB’s standard for hedge accounting deliver to company finance teams new alternatives to account for their risk management activities that organizations may wish to explore.

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 ...

The Financial Accounting Standards Board (FASB) has said that firms should use fair-value accounting methods for cryptocurrencies likes bitcoin BTC $79,876.65 and ether (ETH), according to a Wall ...

The Financial Accounting Standards Board (FASB) on Wednesday reportedly unanimously voted to begin a project to review the accounting for exchange-traded digital assets and commodities.

NORWALK, Conn.--(BUSINESS WIRE)--The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) that reduces complexity for the accounting for costs of implementing ...