FASB added a project to its technical agenda that would give certain private companies and not-for-profits the option to perform goodwill triggering event evaluation only on the annual reporting date.

Financial Accounting Standards Board chair Richard Jones has been poring over the feedback the board received from a recent consultation on its future standard-setting agenda to decide on new projects ...

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, ...

Due to new standards issued by the Financial Accounting Standards Board (FASB) in late 2022, companies with supply chain financing are now required to comply with additional disclosures intended to ...

The FASB’s proposed guidelines would treat crypto assets more like traditional assets and would improve valuation accuracy. At the same time, the SEC appears to be doubling down on its stance that ...

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.

NORWALK, Conn.--(BUSINESS WIRE)--The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) that clarifies and removes inconsistencies in key areas of U.S.

The Financial Accounting Standards Board (FASB) plans to evaluate in 2026 whether certain cryptocurrency assets, including some stablecoins, qualify as cash equivalents, reported The Wall Street ...

This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Nearly four years after dropping a years-long project that would ...

Crypto accounting, and the lack of authoritative crypto-specific accounting guidance, has long been an issue for the crypto industry, and accounting professionals seeking to offer advice to internal ...

The Financial Accounting Standards Board (FASB) has said that firms should use fair-value accounting methods for cryptocurrencies likes bitcoin BTC $91,458.62 and ether ETH $3,141.59, according to a ...

FASB has proposed delays in effective dates for some major accounting standards for certain financial statement preparers. Here’s how preparers can make the best use of the extra time. A new ...