FASB also decided to add a project to its technical agenda on the fair value measurement of equity securities subject to ...

The Financial Accounting Standards Board has decided to tweak some of its standards related to contract assets and liabilities for construction contractors in response to recommendations from its ...

Accountants have clamored for guidance to address a growing number of tax credits offered to incentivize investments in ...

The new members of the PMAC are Brad Broberg, Pieter Combrink, Mary Hill, Niall O’Malley and Abhay Srivastava.

FASB published an Accounting Standards Update that provides authoritative guidance on how an issuer should initially measure paid-in-kind dividends on equity-classified preferred stock.

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 ...

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 ...

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 ...

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 ...

In the last couple of months of 2024, the FASB issued some “invitations to comment” intended to allow FASB stakeholders to express their views on whether or not the FASB should pursue the projects ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

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 ...