The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) that grants a one-year effective date delay for certain companies and organizations applying the revenue recognition and leases guidance. Early application...
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June 04, 2020, 07:20 AM
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Financial Accounting Standards Board held a public meeting April 8 to approve measures intended to provide stakeholders with accounting relief and clarity during the COVID-19 crisis. FASB Chairman Russell G. Golden issued the following statement:
In...
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April 09, 2020, 07:21 AM
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The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) that addresses two lessor implementation issues and clarifies that lessees and lessors are exempt from a certain interim disclosure requirement associated...
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March 07, 2019, 07:15 AM
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The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) that reduces costs and eases implementation of the leases standard for financial statement preparers. “The targeted improvements in the ASU address areas our...
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July 31, 2018, 07:17 AM
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Financial Accounting Standards Board (FASB) Chair Russell G. Golden announced the appointment of Mark Scoles, partner-in-charge of Grant Thornton LLP’s Accounting Principles group, to the Emerging Issues Task Force (EITF). Scoles is responsible for...
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March 03, 2016, 07:03 AM
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