Tag: fasb

FASB Clarifies the Definition of a Business
FASB Clarifies the Definition of a Business

The FASB recently issued ASU 2017-01 to clarify the definition of a business, which is…

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FASB Issues Technical Corrections and Improvements to New Revenue Standard
FASB Issues Technical Corrections and Improvements to New Revenue Standard

The FASB recently issued ASU 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from…

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FASB's New Leasing Standard
FASB’s New Leasing Standard

The FASB's highly-anticipated leasing standard, Leases (Topic 842), was released earlier this year. Under its…

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The New Revenue Recognition Standard
The New Revenue Recognition Standard

The FASB and IASB’s converged standard on revenue recognition is a historic change that establishes…

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Impending Improvements on Income Tax Disclosure Requirements under ASC 740
Impending Improvements on Income Tax Disclosure Requirements under ASC 740

Pursuant to its ongoing Disclosure Framework project, the Financial Accounting Standards Board (FASB) will issue…

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