News & Media

Financial Accounting Standards Advisory Council

Norwalk, CT, January 7, 2021—The Financial Accounting Standards Advisory Council (FASAC) held its regular quarterly meeting on Tuesday, December 15, 2020. The following topics were discussed:

Meeting Recap
 

FASB Clarifies Scope of Recent Reference Rate Reform Guidance

Norwalk, CT, January 7, 2021—The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) that clarifies the scope of the FASB’s recent reference rate reform guidance....

Media Advisory | ASU 2021-01
 

FASB Proposes Accounting Alternative to the Goodwill Triggering Event Assessment for Certain Private Companies and Organizations

Norwalk, CT, December 21, 2020—The Financial Accounting Standards Board (FASB) today issued a proposed Accounting Standards Update (ASU) intended to provide an accounting alternative that would...

Media Advisory | Exposure Document
 

Financial Accounting Foundation Appoints Eight New Members to the Financial Accounting Standards Advisory Council (FASAC)

Norwalk, CT, December 21,  2020—The Financial Accounting Foundation (FAF) Board of Trustees, today announced the appointment of new members to...

Media Advisory

2021 GAAP Financial Reporting Taxonomy, SEC Reporting Taxonomy, and XBRL US DQC Rules Taxonomy Now Available

Norwalk, CT, December 17, 2020—The Financial Accounting Standards Board (FASB) today announced the availability of the 2021 GAAP Financial Reporting Taxonomy (Taxonomy), the 2021 SEC Reporting Taxonomy (SRT), and the 2021 XBRL US DQC...

Media Advisory

FASB Proposes Improvements to Accounting for Acquired Revenue Contracts with Customers in a Business Combination

Norwalk, CT, December 15, 2020—The Financial Accounting Standards Board (FASB) today issued a proposed Accounting Standards Update (ASU) intended to address inconsistency and diversity in practice...

Media Advisory | Exposure Document
 
  • January 7, 2021 Financial Accounting Standards Advisory Council
  • January 7, 2021 FASB Clarifies Scope of Recent Reference Rate Reform Guidance
  • December 21, 2020 FASB Proposes Accounting Alternative to the Goodwill Triggering Event Assessment for Certain Private Companies and Organizations
  • December 21, 2020 Financial Accounting Foundation Appoints Eight New Members to the Financial Accounting Standards Advisory Council (FASAC)
  • December 17, 2020 2021 GAAP Financial Reporting Taxonomy, SEC Reporting Taxonomy, and XBRL US DQC Rules Taxonomy Now Available
  • December 15, 2020 FASB Proposes Improvements to Accounting for Acquired Revenue Contracts with Customers in a Business Combination

Media Inquiries

All media inquiries are coordinated through the FAF Communications Department

Christine L. Klimek

Senior Manager, Communications
(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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