FASB, Financial Accounting Standards Board.

Post-Implementation Review
The FASB reviews major standards after issuance through the post-implementation review (PIR) process. The FASB is currently reviewing Credit Losses, Leases and Revenue Recognition. Feature Pane - Post-Implementation Review (PIR) - More Link
FASB Response to COVID-19
The FASB is here to help. This page provides an overview of the Board’s response and selected resources. Feature Pane - FASB Response to COVID-19 - More Link
Reference Rate Reform
Reference rate reform refers to the global transition away from referencing the LIBOR—and other interbank offered rates—and toward new reference rates that are more observable or transaction-based. Feature Pane - Reference Rate Reform - More Link
FASB Outlook
The FASB Outlook is a quarterly e-newsletter designed to keep stakeholders informed about key FASB projects and activities. Click here to subscribe.
Feature Pane - FASB Outlook More Link
Implementing New Standards
How the FASB positions organizations for a successful and smooth transition to new standards. Also includes specific implementation guidance for new major standards.
Feature Pane - Implementing New Standards More Link
Insurance: Long-Duration Contracts
A new standard for insurance companies that issue long-duration contracts, such as life insurance, disability income, long-term care, and annuities. Feature Pane - Insurance Bridge Page - More Link
Private Company Council (PCC)
The Private Company Council improves the process of setting accounting standards for private companies. The PCC is the primary advisory body to the FASB on private company matters. Feature Pane - Private Company Council (PCC) - More Link
Financial Instruments: Hedging
A new standard that improves and simplifies guidance around hedge accounting.
Feature Pane - Financial Instruments—Hedging - More Link
New Not-for-Profit Financial Reporting Standards
Two new standards that improve not-for-profit financial reporting. Feature Pane - NFP Financial Reporting More Link
The Conceptual Framework
The Conceptual Framework is a body of interrelated objectives and fundamentals that provides the FASB with a foundation for setting standards and concepts to use as tools for resolving accounting and reporting questions.
Feature Pane - The Conceptual Framework More Link
Video Vault
Get the latest on what’s going on, what coming up, and how to get involved in FASB projects. The Vault also features interviews with Board members, staff, and the latest Private Company Council news. Feature Pane - Video Vault More Link

LATEST NEWS

Scheduled Maintenance December 6

The FASB website will undergo scheduled maintenance on Sunday, December 6 from 3:00 AM to 5:00 AM EST. There will be a service disruption during this period. We apologize for any inconvenience.

FAF Appoints Two New Private Company Council Members [12/03/20]

Media Advisory

FAF Issues Statement Remembering Former FASB Chairman Edmund L. Jenkins, Who Died December 2 [12/03/20]

Media Advisory

Investor Advisory Committee [11/25/20]

November 10, 2020 Meeting Recap

Registration Opens for December 14 FASB Webcast for Private Companies & Not-for-Profit Organizations [11/19/20]

Small Business Advisory Committee [11/18/20]

November 12, 2020 Meeting Recap

Financial Accounting Foundation Names Five New Members to the Board of Trustees [11/17/20]

News Release

FAF Trustees Appoint Frederick L. Cannon and Reappoint Christine A. Botosan to the Financial Accounting Standards Board [11/17/20]

News Release

FASB Issues Standard That Delays Long-Duration Insurance Guidance and Eases Early Adoption Provisions [11/05/20]

FASB Names James Rotherham to Its Small Business Advisory Committee [11/04/20]

Media Advisory

Financial Accounting Foundation Board of Trustees [11/03/20]

Notice of Meeting

FASB Issues Accounting Standards Update 2020-10, Codification Improvements [10/29/20]

ASU 2020-10

FEATURED VIDEO

FASB Member Sue Cosper and Senior Project Manager Mary Mazzella discuss a new standard that simplifies and improves this area of accounting guidance.

Link to Video & Podcasts

Post-Implementation Review

FASB Response to COVID-19

Reference Rate Reform

FASB Outlook

Implementing New Standards

Insurance: Long-Duration Contracts

Private Company Council (PCC)

Financial Instruments: Hedging

New Not-for-Profit Financial Reporting Standards

The Conceptual Framework

Video Vault

LATEST NEWS

FEATURED VIDEO

QUICKLINKS