The reason for this is that the Financial Accounting Standards Board (FASB) has set standards for Generally Accepted Accounting Principles (GAAP). One of those standards is neutrality. You can ...

FASB on Wednesday decided to revisit the question of whether management should be required to assess if there is doubt about an entity’s ability to continue as a going concern. The decision came as a ...

The original framework broke reliability down into the sub-qualities of representational faithfulness, verifiability and neutrality, where representational faithfulness included both completeness and ...

FASB issued a new accounting standard Thursday that is designed to help not-for-profits tell their story through their financial statements. Not-for-profit financial statements have been prepared ...

William Isaac and Thomas Vartanian unfortunately conflated two separate issues in their recent commentary about the Financial Accounting Standards Board: (1) FASB’s new standard for banks and other ...

As some of you might have guessed, our model is the Financial Accounting Standards Board. Established in 1973, the FASB is a self-appointed pantheon of accounting gods that sits in Norwalk, Conn. The ...

The proposals build on the hedging standard that FASB issued in 2017, which aimed to better align the economic results of risk management activities with hedge accounting. The new standard increases ...

The Financial Accounting Standards Board (FASB) is requesting public feedback on a proposed Accounting Standards Update (ASU) that would provide specific guidance on accounting for debt exchange ...

The Financial Accounting Standards Board (FASB), a U.S. entity that details how companies should report assets on their balance sheet, published a standards update on Wednesday that will let ...

The US Financial Accounting Standards Board (FASB) has released an Accounting Standards Update (ASU) to enhance the requirements for identifying the accounting acquirer in FASB Accounting ...

something most companies already voluntarily do by applying an existing standard on government-aid accounting from the FASB’s international counterpart, the London-based International Accounting ...