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

FASB to weigh whether some stablecoins and other digital assets qualify as cash equivalents, as it also decides which of over ...

The documents that comprise the taxonomies can be accessed via FASB’s taxonomies webpage or individually at the following links: 2026 GRT (including the 2026 EBPT): Contains updates for FASB ...

Under Accounting Standards Update 2023-09, companies must detail much more information on the income taxes they pay than was ...

Learn about the Statement of Financial Accounting Concepts issued by FASB, outlining financial reporting principles and their role in shaping GAAP standards.

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, ...

The Financial Accounting Standards Board (FASB) is reportedly considering establishing rules for cryptocurrency asset transfers to enhance financial reporting and provide clarity in the space. Notably ...

Forbes contributors publish independent expert analyses and insights. I am the Kester and Brynes Professor at Columbia Business School and a Chazen Senior Scholar at the Jerome A. Chazen Institute for ...

The Financial Accounting Standards Board has appointed Hillary H. Salo, a partner at KPMG, as its new technical director and chair of the Emerging Issues Task Force. She started her accounting career ...

In 1973, the Financial Accounting Standards Board was established to develop a set of financial accounting standards known as generally accepted accounting principals for the private sector. GAAP ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...