Accounting Today

FASB debuts standards codification

The Financial Accounting Standards Board has officially launched its FASB Accounting Standards Codification, an online interactive research tool that will serve as the single source of authoritative ...
Accounting Today

FASB Will Launch New Standards Codification in July

The Financial Accounting Standards Board plans to introduce a new official accounting standards codification on July 1 that will supersede other sources, including the AICPA. The FASB Accounting ...
Houston Chronicle

Definition of Accounting Standards Codification

The Financial Accounting Standards Board, FASB, is a private, independent organization that since 1973 has been given the authority by the U.S. Securities and Exchange Commission, or SEC, to establish ...
Crain's New York

New lease accounting standards: What private companies need to know

This content was paid for by an advertiser and created by Crain's Custom Content. The new Financial Accounting Standards Board (FASB) and international financial reporting standards (IFRS) lease ...
JD Supra

FASB Adopts Changes to Accounting and Disclosure Standards for Digital Assets

The new standard aims to improve accounting treatment of certain digital assets under GAAP and may pave the way for increased institutional adoption. On September 6, 2023, the Financial Accounting ...
JD Supra

Hindsight in the Resolution of Purchase Price Disputes and the Accounting Standards Codification’s (ASC) “Subsequent Events” Guidance

Accountants (or auditors in particular) are the benefactors of hindsight and get to put it to use every time they are engaged to opine on a company’s financial statements. Namely, that period from the ...