The FASB shares global concerns about the stakeholder impact of the coronavirus (COVID-19) pandemic in the United States and abroad. The FASB is monitoring and responding to the situation and is committed to supporting and assisting our stakeholders during this difficult time.
We encourage stakeholders to view and connect with us through the following resources.
IN FOCUS: FASB Update for Private Companies and Not-for-Profit Organizations (December 14, 2020)
Topics Covered: Impairment Testing, Debt Concessions, Going Concern, Inventory, Leases, Exit or Disposal Cost Obligations, Accounting for PPP Loans, Revenue Recognition, CECL
FASB Issues Standard That Delays Long-Duration Insurance Guidance and Eases Early Adoption Provisions (November 5, 2020)
September 22, 2020 Private Company Council Meeting (September 29, 2020)
Topics Covered: PCC: Borrower’s Accounting for Debt Modifications and Troubled Debt Restructurings, Interim Impairment Testing of Nonfinancial Assets, the Paycheck Protection Program, and Accounting for Inventory Impairment
June 25, 2020 Private Company Council Meeting (June 30, 2020) Topics Covered: PCC: Borrower’s Accounting for Debt Modifications and Troubled Debt Restructurings, Interim Impairment Testing of Nonfinancial Assets, Government Assistance Disclosures, and Going Concern Assessments
FASB Issues Taxonomy Staff Q&A Document on How to Apply the Taxonomy to COVID-19 Pandemic and Relief Disclosures (June 22, 2020)
Topics Covered: Taxonomy
FASB Offers Limited Effective Date Delays on Revenue Recognition and Leases Standards (June 3, 2020) Topics Covered: Revenue Recognition and Leases
FASB meeting on COVID-19 pandemic response (May 20, 2020): Topics Covered: Revenue Recognition, Leases, Paycheck Protection Program Loans, Disclosure of Government Assistance, Post-Implementation Review Process
FASB Issues Staff Q&A Document on Hedge Accounting during COVID-19 Pandemic (April 28, 2020): Topics Covered: Cash Flow Hedge Accounting
April 17, 2020 Private Company Council Meeting (April 22, 2020) Topics Covered: PCC: Leases, Revenue Recognition, Fair Value Measurement, Interest Income Recognition, Small Business Administration Loans
FASB Seeks Public Comment on Proposal to Offer Limited Effective Date Delays on Time-Sensitive Standards (April 21, 2020): Topics Covered: Revenue Recognition and Leases
FASB Issues Staff Q&A Document on Accounting for Leases during COVID-19 Pandemic (April 10, 2020):
Topics Covered: Leases
FASB meeting on COVID-19 pandemic response (April 8, 2020):
Topics Covered: Revenue Recognition, Leases, Derivatives and Hedging, Interest Income and Fair Value Measurement
Media Advisory: Statement of FASB Chairman Russell G. Golden on FASB Meeting on Accounting Relief during COVID-19 Pandemic (April 8, 2020)
Media Advisory: FASB Plan to Address Standard-Setting Issues During the Coronavirus (COVID-19) Pandemic (April 1, 2020)
Technical inquiry service: submit questions directly to FASB staff about standard implementation or other issues.
Implementation web portal: a “one-stop shop” of educational resources on major standards, including leases, credit losses, insurance, and reference rate reform.
Find out where to submit other comments/questions/inquiries through the www.fasb.org/contact.
We encourage stakeholders to view and connect with us through the following resources.
STAKEHOLDER RESOURCES
IN FOCUS: FASB Update for Private Companies and Not-for-Profit Organizations (December 14, 2020)
FASB Issues Standard That Delays Long-Duration Insurance Guidance and Eases Early Adoption Provisions (November 5, 2020)
Topics Covered: Long-Duration Insurance
FASB Staff Educational Paper Helps Stakeholders Apply Borrower’s Accounting for Debt Restructurings and Modifications (October 28, 2020)
FASB Staff Educational Paper Helps Stakeholders Apply Borrower’s Accounting for Debt Restructurings and Modifications (October 28, 2020)
Topics Covered: Borrower’s Accounting for Debt Restructuring and Modification
June 25, 2020 Private Company Council Meeting (June 30, 2020) Topics Covered: PCC: Borrower’s Accounting for Debt Modifications and Troubled Debt Restructurings, Interim Impairment Testing of Nonfinancial Assets, Government Assistance Disclosures, and Going Concern Assessments
FASB Offers Limited Effective Date Delays on Revenue Recognition and Leases Standards (June 3, 2020) Topics Covered: Revenue Recognition and Leases
FASB meeting on COVID-19 pandemic response (May 20, 2020): Topics Covered: Revenue Recognition, Leases, Paycheck Protection Program Loans, Disclosure of Government Assistance, Post-Implementation Review Process
FASB Issues Staff Q&A Document on Hedge Accounting during COVID-19 Pandemic (April 28, 2020): Topics Covered: Cash Flow Hedge Accounting
April 17, 2020 Private Company Council Meeting (April 22, 2020) Topics Covered: PCC: Leases, Revenue Recognition, Fair Value Measurement, Interest Income Recognition, Small Business Administration Loans
FASB Seeks Public Comment on Proposal to Offer Limited Effective Date Delays on Time-Sensitive Standards (April 21, 2020): Topics Covered: Revenue Recognition and Leases
Media Advisory: Statement of FASB Chairman Russell G. Golden on FASB Meeting on Accounting Relief during COVID-19 Pandemic (April 8, 2020)
Media Advisory: FASB Plan to Address Standard-Setting Issues During the Coronavirus (COVID-19) Pandemic (April 1, 2020)
Technical inquiry service: submit questions directly to FASB staff about standard implementation or other issues.
Implementation web portal: a “one-stop shop” of educational resources on major standards, including leases, credit losses, insurance, and reference rate reform.
Find out where to submit other comments/questions/inquiries through the www.fasb.org/contact.