FASB financial accounting & reporting

Under the proposal, FASB would clarify the minimum requirements for the reconciliation that a not-for-profit entity is required to disclose if it has endowment funds.

FASB issued a financial reporting standard that changes financial reporting rules for consolidating variable-interest entities.

The standard is designed to simplify the financial reporting for the income tax consequences of intra-entity transfers other than inventory.

FASB issued a proposal that would change accounting rules for insurance companies that issue long-duration contracts such as life insurance, disability income, long-term care, and annuities.

The FASB issued a proposal that would shorten the amortization period for callable debt securities purchased at a premium.

FASB’s efforts to clarify its new revenue recognition standard continued when the board proposed technical corrections and changes to the standard.

FASB issued proposed hedge accounting rules that are designed to enable a faithful representation of how an organization manages risk.

FASB issued new rules for presenting and classifying certain cash payments and cash receipts on the statement of cash flows.

FASB recently issued its first major change to not-for-profit accounting standards since 1993. Here are tips for implementing the new standard.

FASB’s new accounting standard is designed to help not-for-profits tell their story through their financial statements.

FASB issued a proposal that would establish a set of concepts for how recognized items should be presented in a financial statement.

FASB is seeking feedback on which financial reporting and accounting issues it should add to its agenda for potential standard setting.