The Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) that mandates new expense ...

The new standards require public companies to provide additional information about specific costs and expenses.

Compliance with the standards update “isn’t going to be cheap” for many firms, but the FASB has taken steps to reduce the ...

FASB published an Accounting Standards Update requiring public companies to disclose additional information about certain expenses in the notes to financial statements.

In response to demand from investors, public companies will be required to disclose more information about certain expenses in the notes to financial statements.

A proposed ASU would update the guidance on accounting for software, specifically when it comes to developing software for ...

In June the FASB voted 7-0 for the more targeted update, even as some expressed concerns about not going far enough to ...

The proposed update is set to impact how the carrying amounts of assets and liabilities are determined in a business ...

The Financial Accounting Standards Board seeks public comment on targeted improvements to the reporting of internal-use software.

Investors and lenders rely on financial accounting to obtain critical information about the financial stability and risks of ...

FASB News Proposal for Variable Interest Entities Deals Seeks to Simplify Tricky Guidance FASB has proposed narrow changes to the way companies determine ...