FASB Outlook

From the Chairman's Desk

When 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.
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What You Need To Know About: Share-Based Compensation

Accounting 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...
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FASB Preview of 2015

In 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...
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  • 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

As we enter the season when most companies issue their annual reports, investors for the first time will be able to see just how companies are assessing the new revenue recognition standard. This is because companies are required to describe new accounting pronouncements that have been issued but not yet adopted...
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On the Horizon

In this issue we explore the FASB’s upcoming standard on the consolidation of legal entities such as limited partnerships, limited liability corporations, and securitization structures; and an upcoming standard intended to improve the disclosures for short-duration insurance contracts.
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Career Opportunities

The 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.
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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.


Strategic Plan

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.

Featured Videos

Who's Who Interview
With FASB Codification Project Manager Joy Sy

FASB Calendar