From the Chairman's DeskWhen we launched the FASB Outlook a year ago, I opened my first column predicting that 2014 would be a busy year. Suffice it to say, it was. I’d like to share with you how we plan to “get it done” in 2015—how we’ll build upon the successes of 2014 while addressing new challenges.
What You Need To Know About: Share-Based CompensationAccounting for share-based compensation to employees has been a subject of great interest to investors, preparers, and other stakeholders. Many businesses supplement cash compensation by awarding to employees shares of the business or the right to buy shares of the business...
FASB Preview of 2015In early January, FASB Technical Director Sue Cosper sat down with the FASB’s Assistant Directors to discuss the FASB’s top priorities for 2015. The result was a wide-ranging conversation covering such topics as leases, impairment, not-for-profit financial statements, PCC projects, insurance, business combinations, the Revenue Recognition Transition Resource Group, and our simplification initiative...
- From the Chairman's Desk
- What You Need To Know About: Share-Based Compensation
- FASB Preview of 2015
For the Investor:
What to Look For in Upcoming 10-Ks on Revenue Recognition
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On the Horizon
Career OpportunitiesThe FAF and the FASB are seeking bright, motivated people for their staffs to help establish and improve standards of accounting and financial reporting. By joining our teams, you will have the opportunity to make important contributions to improving the Generally Accepted Accounting Principles set by the Boards.
Spotlight On...New Codification
The FAF released an updated print edition of FASB Accounting Standards Codification®, the single, authoritative source of GAAP for companies and not-for-profits.
This educational portal highlights the benefits of preparing financial reports according to GAAP and how GAAP is essential to the functioning of our capital markets, economy, and governments.
The FAF, FASB, and GASB strategic plan affirms that our mission is to establish and improve financial accounting and reporting standards to provide useful information, and educate stakeholders on how to understand and implement those standards.