Accounting standards

Lee Klumpp of BDO USA discusses in this video the likely timing of FASB's proposed nonprofit accounting standards and how accountants and their clients can get ready for them.

Lee Klumpp of BDO USA talks in this video about the reaction to FASB's proposed changes in accounting standards for nonprofit organizations and some of the changes likely to be in the final standards.

The Financial Accounting Standards Board’s Emerging Issues Task Force has issued an accounting standards update for contingent put and call options in debt instruments.

Lee Klumpp of BDO USA discusses in this video some of FASB's proposed changes in not-for-profit accounting standards.

The Financial Accounting Standards Board’s Emerging Issues Task Force has issued an accounting standards update to address the extinguishment of liabilities and recognition of breakage for prepaid stored-value products, such as gift cards, telephone cards and traveler’s checks.

The Financial Accounting Standards Board’s Emerging Issues Task Force has issued an accounting standards update on the effect of derivative contract novations on existing hedge accounting relationships.

The Securities and Exchange Commission has accepted the Financial Accounting Standards Board’s 2016 GAAP Financial Reporting Taxonomy.

The Financial Accounting Standards Board has issued an accounting standards update for private companies that opt to apply private company accounting alternatives, removing the effective dates for four of the alternatives.

The six largest audit firm networks have agreed with international audit regulators on a new initiative to achieve a measurable reduction in audit deficiency findings by 2019.

Helen Brand, chief executive of the Association of Chartered Certified Accountants, is on a mission to expand accounting education across the world.

The Financial Accounting Standards Board’s new lease accounting standard could have some positive payoffs for companies if they take a careful approach to implementing it.

Two professors argue that financial reporting and accounting standards are increasingly irrelevant.

Bloomberg BNA has published a special report to help accountants prepare for the Financial Accounting Standards Board’s new leasing standard.

Not everyone is hailing the Financial Accounting Standards Board’s new lease accounting standard, including one FASB member who voted against the standard, and a key investor group that has also expressed qualms.

Financial reporting economics: It’s a good idea to supply what’s demanded

High tax rates and cybersecurity are among the most pressing concerns of CFOs at technology companies, according to a new survey by BDO USA.

The Equipment Leasing and Finance Association, a trade association that represents companies in the equipment finance sector, had been pushing back against some of the earlier versions of the new lease accounting standard that were proposed in recent years, but it is satisfied with the final standard.

Now that the Financial Accounting Standards Board has released its long-awaited lease accounting standard, companies and their accountants will need to get ready to put their operating leases on the balance sheet.

The Financial Accounting Standards Board issued its long-awaited lease accounting standard Thursday, one of the major convergence projects on which it has collaborated for a decade with the International Accounting Standards Board.

The Financial Accounting Standards Board is expected to release its long-awaited lease accounting standard Thursday.