FASB In Focus/Fact Sheets


October 6, 2022—Proposed Accounting Standards Update: Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures

June 24, 2021—Invitation to Comment: Agenda Consultation

April 1, 2021—XBRL: What Is It? Why the FASB? Who Uses It?

October 28, 2020—FASB Staff Educational Paper—Topic 470 (Debt): Borrower’s Accounting for Debt Modifications

September 17, 2020—Accounting Standards Update: Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets (“Gifts-in-Kind”)

August 11, 2020—The FASB Post-Implementation Review (PIR) Process

August 5, 2020—Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity

July 16, 2020—FASB Concepts Statement No. 8, Conceptual Framework for Financial Reporting—Chapter 4, Elements of Financial Statements—A Proposed Concepts Statement That Addresses Elements of Financial Statements

June 22, 2020—FASB Staff Q&A—Topic: Application of the Taxonomy for COVID-19 Pandemic And Relief Disclosures

April 28, 2020—FASB Staff Q&A—Topic 815: Cash Flow Hedge Accounting Affected by the COVID-19 Pandemic

April 10, 2020—FASB Staff Q&A—Topic 842 and Topic 840: Accounting for Lease Concessions Related to the Effects of the COVID-19 Pandemic

March 12, 2020—Reference Rate Reform

February 10, 2020—Proposed Accounting Standards Update: Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets (“Gifts-in-Kind”)

November 12, 2019—Proposed Accounting Standards Update: Codification Improvements to Hedge Accounting

September 5, 2019—Reference Rate Reform

August 15, 2019—Proposed Accounting Standards Update—Financial Instruments—Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates

July 31, 2019—Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity

July 17, 2019—FASB Staff Q&A—Topic 326, No. 2: Developing an Estimate of Expected Credit Losses on Financial Assets

June 6, 2019—FASB Staff Q&A—Subtopic 958-605—Application of the Limited Discretion Indicator and Accounting for Cost-Sharing Provisions In a Grant Agreement

January 10, 2019—FASB Staff Q&A—Topic 326, No. 1—Whether the Weighted-Average Remaining Maturity Method Is an Acceptable Method to Estimate Expected Credit Losses

October 31, 2018—Accounting Standards Update No. 2018-17—Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities

August 28, 2018Conceptual Framework for Financial Reporting: Chapter 8, Notes to Financial Statements (A Concepts Statement That Addresses the Board’s Decision Process as Part of the FASB’s Disclosure Framework Project)

August 15, 2018—Understanding Costs and Benefits—Accounting Standards Update No. 2018-12—Targeted Improvements to the Accounting for Long-Duration Contracts Issued by Insurance Companies

August 15, 2018—Accounting Standards Update No. 2018-12—Targeted Improvements to the Accounting for Long-Duration Contracts Issued by Insurance Companies

June 21, 2018—Accounting Standards Update 2018-08—Not-For-Profit Entities (Topic 958): Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made

June 20, 2018—Accounting Standards Update 2018-07—Compensation—Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting

January 22, 2018—FASB Staff Q&A—Topic 740, No. 2: Whether to Discount the Tax Liability on the Deemed Repatriation

January 22, 2018—FASB Staff Q&A—Topic 740, No. 3: Whether to Discount Alternative Minimum Tax Credits That Become Refundable

January 22, 2018—FASB Staff Q&A—Topic 740, No. 4: Accounting for the Base Erosion Anti-Abuse Tax

January 22, 2018—FASB Staff Q&A—Topic 740, No. 5: Accounting for Global Intangible Low-Taxed Income

January 10, 2017—FASB Staff Q&A—Topic 740, No. 1: Whether Private Companies and Not-for-Profit Entities Can Apply SAB 118

August 28, 2017—Understanding Costs and Benefits—ASU: Derivatives and Hedging (Topic 815)

August 28, 2017—Accounting Standards Update No. 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities

August 3, 2017—Proposed Accounting Standards Update—Not-for-Profit Entities (Topic 958): Clarifying the Scope and Accounting Guidance for Contributions Received and Contributions Made

June 22, 2017—Proposed Accounting Standards Update—Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities

March 7, 2017—Proposed Accounting Standards Update—Compensation—Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting

September 29, 2016—Proposed Accounting Standards Update—Financial Services—Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts to the Accounting for Long-Duration Contracts

September 8, 2016—Proposed Accounting Standards Update—Targeted Improvements to Accounting for Hedging Activities

August 18, 2016—Understanding Costs and Benefits—ASU: Presentation of Financial Statements of Not-for-Profit Entities (Topic 958)

August 18, 2016—Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities

August 11, 2016—Conceptual Framework for Financial Reporting: Chapter 7: Presentation

July 26, 2016—Proposed Accounting Standards Update—Income Taxes (Topic 740): Disclosure Framework—Changes to the Disclosure Requirements for Income Taxes

June 16, 2016—Understanding Costs and Benefits: Accounting Standards Update, Credit Losses (Topic 326)

June 16, 2016—Accounting Standards Update No. 2016-13, Financial Instruments—Credit Losses (Topic 326)

February 25, 2016—Understanding Costs and Benefits: Accounting Standards Update, Leases (Topic 842)

February 25, 2016—Accounting Standards Update No. 2016-02, Leases (Topic 842)  [Revised 06/03/20]

January 26, 2016—Proposed Accounting Standards Updates:
  • Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Changes to the Disclosure Requirements for Defined Benefit Plans
  • Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost
January 5, 2016—Accounting Standards Update, Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities

November 23, 2015—Proposed Accounting Standards Update—Business Combinations (Topic 805): Clarifying the Definition of a Business

November 12, 2015—Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance

September 24, 2015—FASB Disclosure Framework Exposure Drafts on Materiality

July 23, 2015—Q&A: Not-for-Profit Financial Statement Exposure Draft

June 30, 2015—Q&A: Not-for-Profit Financial Statement Exposure Draft

May 21, 2015—Understanding Costs and Benefits: Accounting Standards Update, Financial Services—Insurance (Topic 944)

May 21, 2015—FASB In Focus: Financial Services—Insurance (Topic 944): Disclosures About Short-Duration Contracts

May 19, 2015—Q&A: Not-for-Profit Financial Statement Exposure Draft

April 22, 2015—FASB In Focus: Not-for-Profit Entities (Topic 958) and Health Care Entities (Topic 954): Presentation of Financial Statements of Not-for-Profit Entities

February 23, 2015—Understanding Costs and Benefits: Accounting Standards Update, Consolidation (Topic 810)

February 18, 2015—FASB In Focus: Accounting Standards Update, Consolidation (Topic 810)

December 23, 2014—Accounting Standards Update for Private Companies Accounting for Identifiable Intangible Assets in a Business Combination

August 27, 2014—Accounting Standards Update—Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern

June 12, 2014—Accounting Standards Update—Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures

June 10, 2014—Accounting Standards Update—Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidations

May 28, 2014—Accounting Standards Update No. 2014-09, Revenue from
Contracts with Customers (Topic 606)
  [Revised 06/03/20]

April 10, 2014—Accounting Standards Update No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity

March 20, 2014—Accounting Standards Update—Applying Variable Interest Entity Guidance to Common Control Leasing Arrangements

March 4, 2014—Conceptual Framework for Financial Reporting: Chapter 8: Notes to Financial Statements

January 16, 2014—Updates for Private Companies on Accounting for Goodwill, Interest Rate Swaps

December 23, 2013—Private Company Decision-Making Framework and Definition of a Public Business Entity

November 7, 2013—Proposed Accounting Standards Update—Development
Stage Entities

October 2013—Q&A: FASB's Disclosure Framework Project

August 22, 2013—Proposed Accounting Standards Update—Applying Variable Interest Entity Guidance to Common Control Leasing Arrangements

August 7, 2013—Proposed Accounting Standards Update—Definition of a Public Business Entity: An Amendment to the Master Glossary

July 1, 2013—Three Proposed Accounting Standards Updates on Private
Company Proposals

June 27, 2013—Proposed Accounting Standards Update—Insurance
Contracts (Topic 834)


June 27, 2013—Proposed Accounting Standards Update—Insurance Contracts
(Topic 834)
—It’s Not Just for Insurance Companies! Banks, Guarantors, Service
Providers and Others—Take Note

June 26, 2013—Proposed Accounting Standards Update—Presentation of Financial
Statements (Topic 205): Disclosure of Uncertainties about an Entity’s
Going Concern Presumption


June 7, 2013—FASB Issues Standard Clarifying Investment Company Status and Accounting

May 16, 2013—Proposed Accounting Standards Update on Leases

April 22, 2013—Accounting Standards Update (ASU) No. 2013-07, Presentation of Financial Statements (Topic 205): Liquidation Basis of Accounting

April 15, 2013—Invitation to Comment—Private Company Decision-Making Framework: A Guide for Evaluating Financial Accounting and Reporting for Private Companies

April 2, 2013—Proposed Accounting Standards Update on Accounting for
Discontinued Operations

February 14, 2013—Proposed Accounting Standards Update—Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities

February 5, 2013—FASB Issues Accounting Standards Update On Reporting Amounts Reclassified Out of Accumulated Other Comprehensive Income

January 15, 2013—Proposed Accounting Standards Update—Transfers and Servicing (Topic 860)—Effective Control for Transfers with Forward Agreements to Repurchase Assets and Accounting for Repurchase Financings

December 20, 2012—Proposed Accounting Standards Update—Financial Instruments—Credit Losses (Subtopic 825-15)

August 16, 2012—FASB Proposal on Improving the Presentation Requirements for Reclassifications Out of Accumulated Other Comprehensive Income

July 31, 2012—Invitation to Comment—Private Company Decision-Making Framework: A Framework for Evaluating Financial Accounting and Reporting Guidance for Private Companies

July 27, 2012—FASB Simplifies Guidance for Testing Indefinite-Lived Intangible Assets for Impairment

July 12, 2012—FASB’s Invitation to Comment on Disclosure Framework

July 2, 2012—Proposed Accounting Standards Update (ASU), Presentation of Financial Statements (Topic 205): The Liquidation Basis of Accounting

June 27, 2012—FASB Proposal on Liquidity Risk and Interest Rate Risk Disclosures

January 25, 2012—FASB Proposes Simplified Guidance for Testing Indefinite-Lived Intangible Assets for Impairment

December 5, 2011—FASB and IASB Revised Proposal on Revenue from Contracts with Customers

November 23, 2011—FASB Issues Proposed Improvements to Consolidation Accounting

September 21, 2011—FASB Completes Project on Multiemployer Pension Plan Disclosures (Subtopic 715-80)

August 12, 2011—FASB Simplifies Guidance for Testing Goodwill for Impairment

July 28, 2011—FASB Completes Redeliberations on Multiemployer Pension Plan Disclosure Project (Subtopic 715-80)

July 11, 2011—Private Companies: The Path to a Differential Standard-Setting Framework

June 15, 2011—Accounting Standards Update No. 2011-05: Presentation of Comprehensive Income

May 12, 2011—Accounting Standards Update No. 2011-04: Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs

April 29, 2011—Accounting Standards Update No. 2011-03: Transfers and Servicing (Topic 860): Reconsideration of Effective Control for Repurchase Agreements

April 22, 2011—Proposed Accounting Standards Update: Intangibles—Goodwill and Other (Topic 350): Testing Goodwill for Impairment

April 5, 2011—Accounting Standards Update No. 2011-02: Receivables (Topic 310): A Creditor’s Determination of Whether a Restructuring Is a Troubled Debt Restructuring

January 31, 2011—Supplementary Document: Impairment of Financial Assets

January 31, 2011—Exposure Draft: Offsetting of Financial Assets and Liabilities

September 1, 2010Proposed Improvements to Disclosures about an Employer’s Participation in a Multiemployer Plan

August 17, 2010—Exposure Draft: Leases

August 2010—Proposed Accounting Standards Update: Disclosures of Certain Loss Contingencies

July 2010—New Credit Quality Disclosure Requirements to Take Effect Soon—Accounting Standards Update No. 2010-20, Receivables (Topic 310): Disclosures about the Credit Quality of Financing Receivables and the Allowance for Credit Losses

June 2010—Proposed Accounting Standards Update: Revenue Recognition from Contracts with Customers

May 2010—Proposed Accounting Standards Update: Financial Instruments  
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