FASB In Focus/Fact Sheets


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)


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