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FASB

By using Xero Tracking Categories, you can easily comply with the FASB ASU 2016-14 requirement to report expenses by nature and function in a single location, and you can track revenue and expenses by grant or funder. Read more

General Ledger

FASB Proposes Targeted Fixes to Accounting Guidance

The Financial Accounting Standards Board published a proposed accounting standards that applies to a variety of organizations, including public companies, private companies and nonprofits. See the details here. Read more

Oct 5, 2017 6:00 AM From The Editor

FASB Proposes Lease Accounting Changes for Land Easements

The Financial Accounting Standards Board has a proposed accounting standards update to clarify how to apply its new lease accounting standard. Read more

Sep 27, 2017 6:00 PM From The Editor

Fixed asset management software provider Real Asset Management (RAM) has launched its enhanced Lease4000 lease accounting software. Read more

People & Business

FASB Still Trying to get Hedge Accounting Right

For the past 20 years, the standard setters have been challenged to provide the information investors need to make informed decisions. Read more

Sep 10, 2017 12:00 PM From The Editor

New FASB Standard Aims to Simplify Hedge Accounting

The Financial Accounting Standards Board issued a new standard designed to make hedge accounting easier for financial statement preparers. Read more

Aug 31, 2017 3:00 PM From The Editor

FASB Proposes Changes to Grant and Contribution Accounting

Accounting guidance for contributions received and made, primarily by not-for-profits, would change under new rules FASB proposed. Read more

Aug 9, 2017 6:00 AM From The Editor

A Little Simpler

FASB changes accounting for ‘down round’ financial instruments. Read more

Jul 17, 2017 8:00 AM From The Editor

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