Accounting Today

FASB prepares to launch updated ASC platform

The Financial Accounting Standards Board is preparing to move the Accounting Standards Codification to a new updated platform to replace the current one. Processing Content The new platform contains ...
The CPA Journal

Questions About the Classification of Joint Ventures for Accounting Purposes

IN BRIEF FASB's recent guidance on accounting joint ventures, ASU 2023-5, is intended to resolve diversity in practice and ...
JD Supra

Hindsight in the Resolution of Purchase Price Disputes and the Accounting Standards Codification’s (ASC) “Subsequent Events” Guidance

Accountants (or auditors in particular) are the benefactors of hindsight and get to put it to use every time they are engaged to opine on a company’s financial statements. Namely, that period from the ...
The Business Journals

New ASC 842 lease accounting in oil and gas, renewable energy and utilities

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Accounting for leases requires lessees to record on their ...
JD Supra

Goodbye Non-PCD Double Count: What ASU 2025-08 Means for Your Institution

On Nov. 12, 2025, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2025-08, which amends the previous guidance in Accounting Standards Codification (ASC) 326 on ...