FASB’s new model for impairment of financial instruments is clearing hurdles as the board pursues a different path than its international counterpart on expected credit loss. The revised credit ...

The Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) aimed at refining derivative accounting practices and addressing the diversity in accounting for ...

According to media sources, including Bloomberg, the US Financial Accounting Standards Board (FASB) is adding crypto asset transfers to its agenda set for this week. What is the FASB? Founded in 1973, ...

The Financial Accounting Standards Board has voted to add a project to its technical agenda on market-return cash balance ...

The Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) providing official guidance on accounting for government grants that business entities receive. This ...

The new standard aims to improve accounting treatment of certain digital assets under GAAP and may pave the way for increased institutional adoption. On September 6, 2023, the Financial Accounting ...

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.

In the world of finance, few organizations hold the weight and authority of the Financial Accounting Standards Board (FASB). This board's decisions set the tone for financial practices across ...

The Financial Accounting Standards Board recently introduced a significant update to the accounting standards for certain crypto assets, like bitcoin. This update, known as the Accounting Standards ...

FASB took what appears to be two steps back from convergence with the International Accounting Standards Board (IASB) last week with a pair of major tentative decisions in its project on accounting ...