Today, the Financial Accounting Standards Board (FASB) announced new rules that will require companies to account for cryptocurrencies like Bitcoin at fair value. The rules are set to go into effect ...

The Financial Accounting Standards Board (FASB) has published a “fair value” standard for digital assets that seeks to improve the experiences of businesses that hold these assets on their balance ...

US accounting standard maker will also consider how companies should recognise and report transfers of crypto assets.

FASB proposed three targeted changes to its lease accounting guidance. The proposal is a response to feedback the board received during its post-implementation process for the lease accounting ...

The Financial Accounting Standards Board has released the 2024 GAAP Financial Reporting Taxonomy and the 2024 SEC Reporting Taxonomy, as well as its 2024 DQC Rules Taxonomy. The new GAAP taxonomy ...

Learn how Repo 105 allowed Lehman Brothers to hide debt during the financial crisis, what this accounting tactic involved, and how it prompted regulatory changes.

The Financial Accounting Standards Board has issued new rules for nonprofit companies with an aim of making financial reports easier to complete and understand, according to The Wall Street Journal.

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

Accounting for stock options is a hot topic. Should they be charged as an expense or remain off the earnings statement? If you’re a tech company executive, you probably think that charging options ...