In “The Spirit of Accounting” and more thoroughly in our book, The FASB: The People, the Process, and the Politics, we’ve described the Financial Accounting Standards Board’s political history, noting ...

Certain accounting standards are specific to donations, contributions, and grants from governments and foundations and are ...

The accounting standards update has been in the works since 1998, when FASB last issued a standard for hedge accounting activities. After it agreed in 2002 to begin working with the IASB on converging ...

Recent changes to FASB’s standard for hedge accounting deliver to company finance teams new alternatives to account for their risk management activities that organizations may wish to explore.

FASB is seeking comments on a proposed Accounting Standards Update (ASU) that is intended to improve the accounting for purchased financial assets, requiring that all the assets — with certain limited ...

She is a FINRA Series 7, 63, and 66 license holder. Investopedia / Michela Buttignol The Financial Accounting Standards Board (FASB) is an independent nonprofit organization responsible for ...

In the world of finance, few organizations hold the weight and authority of the Financial Accounting Standards Board (FASB). This board's decisions set the tone for financial practices across ...

The Financial Accounting Standards Board (FASB), a private, nonprofit organisation that sets financial accounting standards ...

The amendments in the ASU apply to all assets that meet specific criteria, such as being an intangible asset as defined in the FASB Accounting Standards Codification, created or residing on a ...

Illustration: Rami Abukalam The Financial Accounting Standards Board on Wednesday laid out its criteria for the assets it will include in its cryptocurrency project—parameters that left out ...

There are no specific accounting or disclosure rules for crypto assets in the U.S. Businesses now classify crypto assets as indefinite-lived intangible assets, similar to intellectual property ...

Russell Golden never set out to be a lightning rod for bankers. Golden, who recently wrapped up 16 years at the Financial Accounting Standards Board — the last seven as chairman — thought he would ...