FASB, Financial Accounting Standards Board.

Post-Implementation Review
The FASB reviews major standards after issuance through the post-implementation review (PIR) process. The FASB is currently reviewing Credit Losses, Leases and Revenue Recognition. Feature Pane - Post-Implementation Review (PIR) - More Link
FASB Response to COVID-19
The FASB is here to help. This page provides an overview of the Board’s response and selected resources. Feature Pane - FASB Response to COVID-19 - More Link
Reference Rate Reform
Reference rate reform refers to the global transition away from referencing the LIBOR—and other interbank offered rates—and toward new reference rates that are more observable or transaction-based. Feature Pane - Reference Rate Reform - More Link
FASB Outlook
The FASB Outlook is a quarterly e-newsletter designed to keep stakeholders informed about key FASB projects and activities. Click here to subscribe.
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Implementing New Standards
How the FASB positions organizations for a successful and smooth transition to new standards. Also includes specific implementation guidance for new major standards.
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Insurance: Long-Duration Contracts
A new standard for insurance companies that issue long-duration contracts, such as life insurance, disability income, long-term care, and annuities. Feature Pane - Insurance Bridge Page - More Link
Private Company Council (PCC)
The Private Company Council improves the process of setting accounting standards for private companies. The PCC is the primary advisory body to the FASB on private company matters. Feature Pane - Private Company Council (PCC) - More Link
Financial Instruments: Hedging
A new standard that improves and simplifies guidance around hedge accounting.
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New Not-for-Profit Financial Reporting Standards
Two new standards that improve not-for-profit financial reporting. Feature Pane - NFP Financial Reporting More Link
The Conceptual Framework
The Conceptual Framework is a body of interrelated objectives and fundamentals that provides the FASB with a foundation for setting standards and concepts to use as tools for resolving accounting and reporting questions.
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Video Vault
Get the latest on what’s going on, what coming up, and how to get involved in FASB projects. The Vault also features interviews with Board members, staff, and the latest Private Company Council news. Feature Pane - Video Vault More Link

LATEST NEWS

FASB Proposes Clarifications to the Issuer’s Accounting for Certain Modifications of Freestanding Equity-Classified Forwards and Options [10/26/20]

FASB Proposes Three Targeted Improvements to the Leases Standard [10/20/20]

FASB Issues Accounting Standards Update 2020-08, Codification Improvements to Subtopic 310-20, Receivables—Nonrefundable Fees and Other Costs [10/15/20]