The Financial Accounting Standards Board issued a proposed accounting standards update that aims to improve the navigability of the disclosures that need to be provided for interim reporting periods.

The proposal would affect the current guidance in FASB Accounting Standards Codification Topic 805, Business Combinations. It stems from a recommendation of the Emerging Issues Task Force. In a ...

FASB's Codification (ASC) 842, Leases requires companies to make significant changes in the way they report operating leases. One of the initial challenges for organizations may simply be finding all ...

The FASB can set standards, which it does via the Accounting Standards Codification. GAAP is not law, though violating GAAP can have costly ramifications. The SEC has issued many steep fines for ...

FASB News New Guidance to Boost Transparency in Corporate Expense Reporting FASB has issued new guidance aimed at enhancing the transparency and clarity ...

FASB published a proposed Accounting Standards Update (ASU) that is intended to improve the requirements for identifying the accounting acquirer in FASB ASC Topic 805, Business Combinations. The ASU ...