FASB Outlook

From the Chairman:
How We Reduce Cost, Complexity, and Uncertainty After a Standard Is Issued

Although Yogi Berra was not an accountant, I like to imagine that his quote “It ain’t over till it’s over” relates to how the FASB’s work to reduce cost, complexity, and uncertainty “ain’t over” after we issue a standard.
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A Lesson in Private Company Financial Reporting: Keep Our Ears and Minds Open

By Candy Wright, PCC Chair; and Harold Monk,
FASB Member

This year PCC members fully embraced their increased advisory role to the FASB, and more private company stakeholders provided input on a variety of FASB projects.
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For the Investor:
Investor Influence in New Accounting Standards

By Marc Siegel, FASB Member

For the Revenue Recognition and Defined Benefit Pension Plan standards, investor feedback played a part in influencing what gets reported in the financial statements, what gets disclosed, or both.
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  • From the Chairman:
    How We Reduce Cost, Complexity, and Uncertainty After a Standard Is Issued
  • A Lesson in Private Company Financial Reporting: Keep Our Ears and Minds Open
  • For the Investor:
    Investor Influence in New Accounting Standards

Featured Video:
Lease Simplification Efforts

Responding to stakeholder concerns about the new leasing standard, the FASB took steps to reduce unnecessary complexity, cost, and uncertainty without impacting the ultimate information provided to investors.
>> Play Video

Accounting for the Tax Cuts and Jobs Act

As a result of the Tax Cuts and Jobs Act, the FASB is addressing accounting and implementation issues related to income taxes through a new proposal and Staff Q&A educational resources.

FASB Calendar


 
 

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