FASB Outlook

From the Chairman's Desk:
Reducing Unnecessary Complexity in Financial Reporting

The FASB continually strives for the “sweet spot,” between creating accounting standards that provide useful information to investors and other users, while also ensuring that they don’t impose unnecessary complexity and costs on preparers.
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Larry Smith: A Board Member Reflects On His FASB Tenure

By Larry Smith, FASB Member

In this article, I will explore the FASB’s major accomplishments during my tenure, and also address what I believe still needs to be done in standard setting.
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For the Investor:
How Can Investors Stay Educated About Accounting Changes?

By Marc Siegel, FASB Member

There is a lot of change for investors to absorb in upcoming quarters and years. With that in mind, what resources should investors use to look for data and analysis of these modifications to financial reports?
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  • From the Chairman's Desk:
    Reducing Unnecessary Complexity in Financial Reporting
  • Larry Smith: A Board Member Reflects On His FASB Tenure
  • For the Investor:
    How Can Investors Stay Educated About Accounting Changes?

Featured Video

Conceptual Framework
FASB Member Christine A. Botosan and FASB staff discuss the conceptual framework—what it is, how the Board uses it, what’s coming next, and how you can get involved.

On the Horizon

Upcoming Effective Dates
We explore the FASB’s upcoming effective dates on restricted cash, net periodic pension and postretirement benefit costs, and not-for-profit consolidations.
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Join our Team

The FAF Board of Trustees currently has a search underway for a new FASB member. More information on the types of backgrounds, skills, and characteristics we look for in a FASB member can be found here.

FASB Calendar




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