FASB is moving quickly to give financial statement preparers a targeted improvement in their accounting for effects of the new tax reform law. GASB is seeking public feedback as it develops a revenue ...

FinREC has been seeking public comment on working drafts that provide industry-specific guidance for entities implementing FASB’s new revenue recognition standard. The AICPA Financial Reporting ...

Revenue recognition has always ... contractors are required under ASC 606 to make additional disclosures, both quantitative and qualitative. FASB says about its new disclosure standard: An entity ...

The new guidance under ASU 2023-08 recognizes crypto assets as intangible assets (similar to existing guidance); however, it ...