Learn how FASB defines U.S. accounting standards under GAAP, its partnership with IASB, and its impact on financial reporting ...

FASB on Tuesday published an Accounting Standards Update (ASU) aimed at improving the financial accounting for and disclosure of activities related to environmental credits and environmental credit ...

Previously GAAP provided no specific guidance to help companies account for carbon offsets and emissions allowances related ...

The new members of the PMAC are Brad Broberg, Pieter Combrink, Mary Hill, Niall O’Malley and Abhay Srivastava.

FASB also decided to add a project to its technical agenda on the fair value measurement of equity securities subject to ...

In 1973, the Financial Accounting Standards Board was established to develop a set of financial accounting standards known as generally accepted accounting principals for the private sector. GAAP ...

Forbes contributors publish independent expert analyses and insights. I am the Kester and Brynes Professor at Columbia Business School and a Chazen Senior Scholar at the Jerome A. Chazen Institute for ...

Private and governmental entities use separate accounting standards to create their financial statements and manage their funds. Without knowing the differences between the standards, it is harder for ...

FASB plans to propose delaying effective dates for four key standards for certain groups of financial statement preparers after a series of votes taken at a board meeting Wednesday. The plan to delay ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

The Financial Accounting Standards Board issued new guidance Tuesday for how companies should account for environmental credits such as carbon offsets generated by projects aiming to reduce carbon ...

The accounting standards update aims to improve financial accounting and disclosures about activities related to ...