FASB Reporting

FASB REPORTING

FASB Just Flipped the Crypto Accounting Script

Crypto used to sit quietly in financial statements, like that one line item nobody really questioned. Not anymore. With FASB’s Accounting Standards Update 2023-08, digital as...

FASB REPORTING

Why FASB Just Said “No” to Fixing Airline Accounting

Picture this: your flight gets delayed, the airline cuts you a check, and somewhere in the background, accountants are arguing about where that money should land on the books. Inco...

FASB REPORTING CPE Approved

Corporate Tax Dollars Flowing Beyond U.S. Borders

Every busy season, someone in the office eventually says, “Show me where the cash actually went.” Thanks to a new Financial Accounting Standards Board disclosure rule, ...

FASB REPORTING

FASB’s Codification Refresh Makes GAAP Easier for CPAs

Not every rule change hits like a market crash. Some arrive quietly, more like a pit crew tightening bolts while the race keeps going. That is exactly what happened in December 202...

FASB REPORTING

FASB Shakes Up Interim Reporting with a New GAAP Standard

If interim reporting has ever felt like trying to find your way around a crowded airport with no signs, you’re not alone. For years, financial teams have been relying on scattere...

FASB REPORTING

FASB Redraws the Lines on Government Grant Accounting

If you ever felt like accounting for government grants was a bit like trying to assemble IKEA furniture without the instruction sheet, you’re not alone. For more than 50 year...

FASB REPORTING

Unlocking the New Hedge Accounting Rules

If you’ve been working in finance for a while, you’ve probably felt the pain of dealing with hedge accounting. The rules under ASC 815 always seemed like a mismatch bet...

FASB REPORTING

FASB Opens a New Chapter on Crypto Transfer Accounting

If you’ve ever tried to move crypto between wallets while praying you didn’t hit the wrong address, you know the feeling. One second, everything looks smooth, and the next you?...

FASB REPORTING

FASB Just Rewired Purchased Loans Accounting

If you’ve ever bought a used car and later realized the previous owner’s “quirks” were your new weekend project, you already understand how regulators feel about purchased ...

FASB REPORTING CPE Approved

FASB Cleans Up Confusion on Derivatives and PIK Dividends

Picture this: You’re at a diner, menu in hand, and the server asks if you want your coffee “regular” or “with a twist of complex accounting guidance.”...

FASB REPORTING

FASB Brings Clarity to Internal-Use Software Accounting

For years, accountants have been stuck in a war over a deceptively simple question: when a company builds or customizes its own software, what counts as a capitalizable asset and w...

FASB REPORTING CPE Approved

FASB Raises the Bar on Expense Reporting for Public Companies

If you thought “SG&A” was your safe little black box, FASB just called your bluff. The Financial Accounting Standards Board is rolling out a proposed Accounting Sta...