The Financial Accounting Standards Board began testing a codification of U.S. generally accepted accounting principles that reorganizes thousands of U.S. GAAP pronouncements to make them easier to ...

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 ...

FASB issued an Accounting Standards Update (ASU) that incorporates 14 SEC disclosure requirements into the FASB Accounting Standards Codification, a set of amendments covering a variety of topics that ...

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

As a result of FASB’s Accounting Standards Codification (“Codification”)[1], which replaces the current hierarchy and framework of the standards of U.S. generally accepted accounting principles (“GAAP ...

Under generally accepted accounting principles, or GAAP, businesses must report their assets, liabilities and equity on a balance sheet that conforms to certain accounting standards. Under those ...