Accounting Today

OCTOBER 29, 2024

The Financial Accounting Standards Board issued a proposed accounting standards update to update the guidance on accounting for software, specifically when it comes to developing software for internal use.

accounting standards 122

accounting standards Account accounted accountant 122

Snyder

MAY 27, 2022

When starting a business, all the paperwork and accounting may seem daunting. No matter how large or small your business is, managerial accounting will help you gain profit. This type of accounting aims mainly at forecasting and long-term business decisions and is used to ensure your company’s financial health.

managerial accounting 98

managerial accounting financial accounting Account accounted 98

CPA Practice

MARCH 31, 2023

The Financial Accounting Standards Advisory Council ( FASAC ) held its quarterly meeting on Tuesday, March 7, 2023. Some Council members, including preparers and practitioners, noted that the complexity of applying derivative accounting to these arrangements has deterred companies from entering into these types of transactions.

accounting standards 59

accounting standards financial accounting Account accounted 59

Accounting Today

MARCH 22, 2024

The Financial Accounting Standards Board decided to pursue targeted improvements to its rules for accounting for and disclosing software costs, instead of a single overarching model.

Account 112

Account accounted accountant accounting standards 112

CPA Practice

JUNE 30, 2023

The accounting standard was developed jointly with the U.S. Financial Accounting Standards Board and came into effect in 2018. A PIR of an Accounting Standard does not automatically lead to standard-setting.

accounting standards 72

accounting standards Account accounted accountant 72

CPA Practice

MAY 24, 2024

The Board of Trustees of the Financial Accounting Foundation (FAF) today announced that Hillary H. Salo, whose five-year term on the Financial Accounting Standards Board (FASB) begins July 1, 2024, will serve as the board’s vice chair upon the start of her term.

financial accounting 52

financial accounting accounting standards North Carolina Account 52

MarkFriedlich

MARCH 30, 2020

The CARES Act (the “Act”) provides temporary relief from FASB Accounting Standards Update (ASU) No. 2016-13, Financial Instruments —Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.

accounting standards 160

accounting standards financial accounting Tax Account 160

Cherry Bekaert

AUGUST 22, 2024

Contributor: John Ford In June 2024, the Cost Accounting Standards Board (CASB) published three significant actions in the Federal Register. Section 820 of Public Law 114-328 directed the Board to conform CAS to Generally Accepted Accounting Principles (GAAP) to the maximum extent practicable.

accounting standards 64

accounting standards cost accounting Account accounted 64

Accounting Today

MAY 28, 2024

The Financial Accounting Foundation announced Hillary Salo as the next vice chair of the Financial Accounting Standards Board.

accounting standards 124

accounting standards financial accounting Account accountant 124

Accounting Today

JULY 24, 2024

The Financial Accounting Standards Board issued a proposed accounting standards update to request public comments on possible changes to two of its standards.

accounting standards 122

accounting standards financial accounting Account accountant 122

Accounting Today

DECEMBER 13, 2023

The Financial Accounting Standards Board released its long-awaited accounting standards update to improve the accounting for and disclosure of certain cryptoassets.

accounting standards 132

accounting standards financial accounting Account accountant 132

Accounting Today

SEPTEMBER 6, 2023

The Financial Accounting Standards Board voted to adopt its eagerly awaited standard for cryptocurrency like Bitcoin held by companies.

accounting standards 141

accounting standards financial accounting Account accountant 141

Accounting Today

NOVEMBER 13, 2024

The Financial Accounting Standards Board issued a proposed accounting standards update that aims to improve the navigability of the disclosures that need to be provided for interim reporting periods.

accounting standards 118

accounting standards financial accounting Account accountant 118

CPA Practice

JULY 23, 2024

Investors, accounting firms, and other stakeholders have until Oct. 21 to provide comments on a new proposed Accounting Standards Update (ASU) issued by the Financial Accounting Standards Board (FASB) on Tuesday that aims to clarify rules on derivative accounting.

Account 122

Account accounted accountant accounting principles 122

Accounting Today

DECEMBER 14, 2023

The Financial Accounting Standards Board issued an accounting standards update Thursday aimed at improving income tax disclosures from companies.

income tax 126

income tax Tax accounting standards financial accounting 126

Accounting Today

OCTOBER 10, 2023

The Financial Accounting Standards Board is incorporating some of the Securities and Exchange Commission's disclosure requirements into its Accounting Standards Codification.

accounting standards 126

accounting standards financial accounting Account accountant 126

Accounting Today

JULY 12, 2024

The Financial Accounting Standards Board released a new chapter of its Conceptual Framework on the measurement of items recognized in financial statements, while also drawing that project to a close.

accounting standards 124

accounting standards financial statements financial accounting Account 124

Katz,Sapper&Miller

FEBRUARY 26, 2020

The Financial Accounting Standards Board (FASB) has issued the Proposed Accounting Standards Update Not-for-Profit Entities (Topic 958): Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets (Exposure Draft), which would impact the presentation and disclosure of contributed nonfinancial assets, also known as gifts-in-kind (..)

accounting standards 58

accounting standards Account accounted accountant 58

Accounting Today

OCTOBER 21, 2024

The Financial Accounting Standards Board has decided to tweak some of its standards related to contract assets and liabilities for construction contractors.

accounting standards 122

accounting standards Construction financial accounting Account 122

PYMNTS

JUNE 24, 2019

Financial regulators are considering allowing smaller businesses (SMBs) more time to comply with sweeping changes in lease accounting standards, which experts have said will place a significant burden as organizations work to comply with the requirements. We’ll ask you for input on this as well.”

accounting standards 58

accounting standards Account accounted accountant 58

PYMNTS

OCTOBER 9, 2018

Banks and businesses alike are heading toward the 11th hour of changes in accounting standards, which will have a major impact on how companies report financial metrics and performance. Experts say the move will not go unnoticed when the accounting standards begin to take effect for public companies in 2021.

accounting standards 61

accounting standards Account accounted accountant 61

Accounting Today

AUGUST 30, 2023

The Financial Accounting Standards Board released another chapter of its conceptual framework related to the recognition and derecognition of an item in financial statements.

accounting standards 126

accounting standards financial statements financial accounting Account 126

CPA Practice

FEBRUARY 28, 2023

The Financial Accounting Foundation (FAF) has launched its free, enhanced online access to the Accounting Standards Codification and the Governmental Accounting Research System (GARS), implementing a change announced last month. governmental entities.

accounting standards 52

accounting standards Account accounted accountant 52

Accounting Today

DECEMBER 28, 2023

The Financial Accounting Standards Board has decided not to add several projects to its technical agenda, including one on commodities, despite requests.

accounting standards 124

accounting standards financial accounting Account accountant 124

CPA Practice

APRIL 18, 2023

Representatives of the Financial Accounting Standards Board (FASB) and the Accounting Standards Board of Japan (ASBJ) held a meeting on April 17 in Norwalk, CT. The FASB and the ASBJ plan to continue to exchange views. The next meeting is planned in the second half of 2023 in Tokyo.

accounting standards 52

accounting standards Account accounted accountant 52

Accounting Today

AUGUST 30, 2023

The Financial Accounting Standards Board voted to require companies to tell the public more about the taxes they pay, starting as early as 2025.

income tax 140

income tax Tax accounting standards financial accounting 140

CPA Practice

DECEMBER 20, 2024

The Financial Accounting Standards Board (FASB) has published a proposed Accounting Standards Update (ASU) intended to improve the financial accounting for and disclosure of financial activities related to environmental credits and environmental credit obligations.

financial accounting 52

financial accounting accounting standards Account accounted 52

CPA Practice

JUNE 29, 2023

The accounting standard was developed jointly with the U.S. Financial Accounting Standards Board and came into effect in 2018. A PIR of an Accounting Standard does not automatically lead to standard-setting.

accounting standards 52

accounting standards Account accounted accountant 52

CPA Practice

JANUARY 22, 2025

The Financial Accounting Standards Board published aproposed Accounting Standards Update on Jan. 22 focused on targeted improvements to theFASB Accounting Standards Codification.

accounting standards 108

accounting standards financial accounting accountant accounted 108

LSLCPAs

DECEMBER 17, 2021

The Financial Accounting Standards Board FASB rejected the Pennsylvania Institute of CPA’s (PICPA) request for a two-year extension of the lease accounting standard’s due date. The lease standard takes effect for nonpublic entities for fiscal years beginning after Dec.

accounting standards 52

accounting standards Pennsylvania Non-Profits Account 52

Accounting Today

JANUARY 6, 2025

The Financial Accounting Standards Board released an update to clarify the interim effective date of its standard on disaggregation of income statement expenses for non-calendar year-end companies.

accounting standards 105

accounting standards financial accounting Account accounted 105

Going Concern

JANUARY 25, 2023

When Thomson Reuters reported late last year that the Financial Accounting Standards Board (FASB) had proposed an eighth round of changes to lease accounting rules 1 , accounting and finance execs around the country channeled their inner Charlie Browns with a collective, “Good grief!”

Account 105

Account accounted accountant Real Estate 105

Withum

JANUARY 27, 2025

Securities and Exchange Commission (SEC) issued Staff Accounting Bulletin (SAB) 122 officially rescinding SAB 121. The purpose, per the SEC, was to provide guidance on the accounting for obligations to safeguard crypto-assets that an entity holds for its platform users. On January 23, 2025, the U.S.

international accounting standards 52

international accounting standards accounting standards financial accounting Account 52

CPA Practice

MARCH 24, 2023

The Financial Accounting Standards Board (FASB) on Thursday published an exposure draft of its proposed accounting rules on how companies should report certain types of crypto assets and digital currencies.

Account 111

Account accounted accountant accounting standards 111

CPA Practice

SEPTEMBER 25, 2024

The Financial Accounting Standards Board (FASB) released an exposure draft on Sept. 25 on a proposal that would clarify parts of its current guidance on hedge accounting and address several incremental hedge accounting issues arising from the global reference rate reform initiative.

Account 111

Account accounted accountant accounting standards 111

Accounting Today

DECEMBER 2, 2024

John Auchincloss will retire in September 2025 from the FAF. The search for his successor will begin immediately.

financial accounting 69

financial accounting Account accounted accountant 69

Accounting Today

DECEMBER 19, 2024

The Financial Accounting Standards Board issued an invitation to comment on whether to pursue a project on accounting for intangible assets.

Account 72

Account accounted accountant accounting standards 72