There are three primary reasons to make changes to accounting standards, according to Financial Accounting Standards Board Chairman Richard Jones, and stakeholder engagement and feedback are critical ...

FASB on Monday announced that it has added new XBRL functionality to its Accounting Standards Codification Web site. “The new XBRL functionality provided by the Codification Web site will help ...

In January, FASB released the FASB Accounting Standards Codification (ASC or codification). The codification simplifies the classification of accounting standards by restructuring all authoritative ...

NORWALK, Conn.--(BUSINESS WIRE)--The Financial Accounting Foundation (FAF) today announced that the Financial Accounting Standards Board’s FASB Accounting Standards Codification ® (FASB Codification) ...

On my first visit to Washington, D.C., I almost missed the Jefferson Memorial because there were so many other memorials to look at. The same can be said of Financial Accounting Standards Board ...

The Financial Accounting Standards Board, FASB, is a private, independent organization that since 1973 has been given the authority by the U.S. Securities and Exchange Commission, or SEC, to establish ...