Accounting Standards
2023 GAAP Financial Reporting Taxonomy is Now Available, FASB Says
The 2023 GAAP Financial Reporting Taxonomy is expected to be accepted as final by the SEC in early 2023.
FASB Looks to Tweak Guidance for Leases Under Common Control
Comments on the proposed Accounting Standards Update can be submitted until Jan. 16, 2023.
FASB Proposes New Conceptual Framework Chapter on Recognition and Derecognition
Stakeholders are encouraged to review and provide comment on the proposed chapter by Feb. 21, 2023.
NASBA Announces 2022-23 Board of Directors
The National Association of State Boards of Accountancy (NASBA) announces members of its Board of Directors for 2022-2023. Members were installed during NASBA’s 115th Annual Meeting, held Oct. 30 – Nov. 2, 2022, in San Diego, CA.
FASB Seeks to Amend Accounting Rules for Joint Ventures
The proposed ASU would give investors more information about a joint venture’s separate financial statements.
FASB Proposes New Chapter—the Reporting Entity—for Its Conceptual Framework
Stakeholders are asked to provide input on the characteristics of a reporting entity by Jan. 16, 2023.
FASB Decides on Accounting Method for Crypto Assets
Companies should measure crypto assets, like Bitcoin and Ethereum, using fair value accounting, the FASB said.
FASB: ’Significant Change’ Proposed for Segment Reporting Rules
The FASB says the proposed ASU would improve disclosures about a public company's segment expenses.