The Financial Accounting Standards Board issued an accounting standards update Thursday for nonprofits, modifying the definition of the term “collections” to align it with the American Alliance of ...

What Is Financial Accounting Standard 157 (FAS 157)? Financial Accounting Standard 157 (FAS 157) is the Financial Accounting Standards Board (FASB)’s controversial fair value accounting standard, ...

The Financial Accounting Standards Board is proposing a new chapter in its conceptual framework discussing the recognition and derecognition of an item in financial statements. FASB's conceptual ...

Learn how deferred acquisition costs (DAC) aid insurance companies by spreading acquisition expenses over contract terms, reducing upfront strain and smoothing earnings.

NORWALK, Conn.--(BUSINESS WIRE)--The Financial Accounting Standards Board (FASB) today issued a proposal that would reduce costs and ease implementation of the Leases standard for financial statement ...

FASB is seeking feedback on a proposed Accounting Standards Update (ASU) that addresses 34 issues in its codification. The “targeted improvements” to the FASB Accounting Standards Codification are a ...

In a new accounting standard issued Wednesday, FASB hopes to provide clarity by offering guidance on the scope of modification accounting for share-based payment awards. Accounting Standards Update No ...

FASB has issued an accounting standards update amending several financial instruments topics in order to provide more clarity and improve on such standards as current expected credit losses.

The Financial Accounting Standards Board (FASB) added new disclosure requirements for buyers of goods and services intended to increase transparency about how they use supplier finance programs.