FASB financial accounting & reporting

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.

FASB issued a proposal that is designed to clarify when a not-for-profit entity that is a general partner should consolidate a for-profit limited partnership or similar entity.

Gathering data to fill gaps and taking advantage of previous work will be two key actions as companies begin to implement the Financial Accounting Standards Board’s new expected credit loss standard.

FASB would amend consolidation guidance under a proposal issued with the intent of providing more useful information to users of financial statements.