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FASB - Financial Accounting Standards Board

Intuit's Firm of the Future blog has published an easy to understand 'read' on the new FASB standard impacting both public and non-public companies. Read more

Tax & Practice Management

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 Plans New Expedient for Lease Accounting

The Financial Accounting Standards Board is preparing to propose a modification to the pending lease accounting standard to amend the transition guidance. Read more

Aug 18, 2017 6:00 AM 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

FSB Welcomes New Insurance Accounting

The group issued the International Financial Reporting Standards (IFRS) 17, which sets a single, consistent approach to the accounting for insurance contracts. Read more

Jul 20, 2017 7:00 AM From The Editor

A new study says that the standards take effect in a mere six quarters for public companies, but many have not yet begun, or only recently began, to assess what must be done. Read more

People & Business

FASB Issues Helpful Guidance on Accounting for Equity-Based Compensation

The Financial Accounting Standards Board recently issued Accounting Standards Update No. 2017-09, Stock Compensation, Topic 718, Scope of Modification Accounting (the ASU). Get the details here. Read more

Jun 13, 2017 12:00 PM From The Editor

FASB Performs Maintenance on Accounting Standards Codification

The Financial Accounting Standards Board made the first of several scheduled maintenance updates to its Accounting Standards Codification as part of an effort to simplify its structure. Read more

Jun 1, 2017 3:00 PM From The Editor

All About Clarity

FASB issues accounting standards update on service concession arrangements ProAdvisors should know. Read more

May 19, 2017 7:00 AM From The Editor

Getting Ahead of the Curve

FASB addresses lease accounting transition questions. Read more

May 15, 2017 10:00 AM From The Editor

New Accounting Rule for Revenue Recognition

See how the new Accounting Standards Update will likely be recognized sooner than it has been under the existing guidance. Read more

May 8, 2017 4:00 PM From The Editor

Gravity Software's new automated module helps provide better financial reporting. Read more

Vendor Corner

In this mini-series, contributing author, Rob Shaff, demystifies the various leases that businesses enter into, which are all too often improperly reported. We will also look at reporting changes announced by the Financial Accounting Standards Board. Read more

People & Business

Is IFRS in Your Global Future?

With the increasing rise in the International Financial Reporting Standards we cannot remain aloof in the belief that our current accounting standards and software are going to be sufficient for future purposes. Read more

Aug 14, 2013 12:15 AM From The Editor 1 Comments

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