FASB added a project to its technical agenda that would give certain private companies and not-for-profits the option to perform goodwill triggering event evaluation only on the annual reporting date.

FASB probably won’t be issuing anything specific on accounting considerations, but existing standards can be applied there as well. “We do have standards on risks and uncertainties that deal with ...

The Financial Accounting Standards Board is making plans for its future projects, including digital assets, intangibles, government grants, and accounting for financial instruments with environmental, ...

Nearly four years after dropping a years–long project that would have changed goodwill accounting, the FASB is wrestling with the topic again.

NORWALK, Conn.--(BUSINESS WIRE)--The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) that clarifies and removes inconsistencies in key areas of U.S.

In a long-anticipated move, Bloomberg Tax reported that the Financial Accounting Standards Board (FASB) is set to introduce new fair value accounting rules for Bitcoin and other cryptocurrencies.

Crypto accounting, and the lack of authoritative crypto-specific accounting guidance, has long been an issue for the crypto industry, and accounting professionals seeking to offer advice to internal ...

The Financial Accounting Standards Board (FASB) has said that firms should use fair-value accounting methods for cryptocurrencies likes bitcoin BTC $91,458.62 and ether ETH $3,141.59, according to a ...

The FASB voted to delay the effective date of its revenue recognition standard for nonpublic entities that have not yet issued their financial statements. Challenges related to the coronavirus ...