FASB decided to simplify implementation of its new lease accounting standard in an effort to reduce costs and decrease challenges for financial statement preparers. In an effort to simplify its ...

The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) to address the accounting for and ...

FASB News Proposed New Rules for Environmental Credits and Obligations. FASB has proposed a new accounting standard to ...

The new guidance under ASU 2023-08 recognizes crypto assets as intangible assets (similar to existing guidance); however, it ...

Starting today, companies can report the fair value of cryptocurrency assets they hold according to an update and amendment ...

If it's indeed recognized, the subsequent accounting for an intangible asset can include amortization, impairment and remeasurement (such as remeasurement of certain crypto assets to fair value). The ...

The Financial Accounting Standards Board (FASB) has adopted Fair Value Accounting for Bitcoin. Companies holding Bitcoin will ...

FASB published a new standard that describes a series of incremental changes to accounting rules that are designed to improve its codification. Accounting relief from reference rate reform would be ...