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 ...

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 ...

Narrower projects could be in store for the accounting-standard setter as some stakeholders want more guidance on hot- button ...

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

The Financial Accounting Standards Board has posted the 2025 GAAP Financial Reporting Taxonomy, SEC Reporting Taxonomy and ...

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 ...