News & Media

FASB Issues Standard to Improve a Lessor’s Accounting for Certain Leases with Variable Lease Payments

Norwalk, CT, July 19, 2021—The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) intended to improve an area of the leases guidance related to a lessor’s accounting for certain leases with variable lease payments....

Media Advisory | ASU 2021-05
 

Financial Accounting Standards Advisory Council

Norwalk, CT, July 12, 2021—The Financial Accounting Standards Advisory Council (FASAC) held its quarterly meeting on Thursday, June 24, 2021. The FASB chair provided highlights on FASB activities that were not otherwise on the agenda for the Council meeting, and SEC and PCAOB staff members commented on current issues and activities. Council members discussed the following topics:

Meeting Recap
 

Private Company Council Meeting Recap

Norwalk, CT, July 2, 2021—The Private Company Council (PCC) met on Monday, June 21 and Tuesday, June 22, 2021. Below is a brief summary of topics addressed by the PCC at the meeting:

Meeting Recap

FASB Appoints Two New Members to Emerging Issues Task Force

Norwalk, CT, June 28, 2021—Financial Accounting Standards Board (FASB) Chair Richard R. Jones today announced the appointment of two new members to the Emerging Issues Task Force (EITF)....

Media Advisory
 

FASB Stakeholders Invited to Share Their Views on Future Agenda Priorities

Norwalk, CT, June 24, 2021—The Financial Accounting Standards Board (FASB) today published an Invitation to Comment (ITC) that gives stakeholders the opportunity to provide feedback on its future standard-setting agenda. Stakeholders are asked to review and provide comment on the ITC by September 22, 2021....

News Release | Invitation to Comment | FASB In Focus | Video
 

FASB Proposes Improvements to Discount Rate Guidance for Lessees That Are Not Public Business Entities

Norwalk, CT, June 16, 2021—The Financial Accounting Standards Board (FASB) today issued a proposed Accounting Standards Update (ASU) that would improve discount rate guidance for lessees that are not public business entities—including private companies, not-for-profit organizations, and employee benefit plans....

Media Advisory | Exposure Document
 
  • July 19, 2021 FASB Issues Standard to Improve a Lessor’s Accounting for Certain Leases with Variable Lease Payments
  • July 12, 2021 Financial Accounting Standards Advisory Council
  • July 2, 2021 Private Company Council Meeting Recap
  • June 28, 2021 FASB Appoints Two New Members to Emerging Issues Task Force
  • June 24, 2021 FASB Stakeholders Invited to Share Their Views on Future Agenda Priorities
  • June 16, 2021 FASB Proposes Improvements to Discount Rate Guidance for Lessees That Are Not Public Business Entities

Media Inquiries

All media inquiries are coordinated through the FAF Communications Department

Christine L. Klimek

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(203) 956-3459 | clklimek@f-a-f.org

Jordan C. (Kip) Betz

Senior Manager, Communications
203-956-5201 | jcbetz@f-a-f.org

Dana Freeman

Senior Manager, Communications
(203) 956-5279 | dfreeman@f-a-f.org

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