The Private Company Council (PCC) met in December 2024 to discuss key topics including credit losses, debt modifications, lease accounting, and government grants. They also explored future agenda priorities and provided feedback on several research projects.

FASB just cleared the air on when non-calendar year-end entities need to adopt the new expense reporting standards. Buckle up, accountants!

Got opinions on accounting standards? The FASB wants to hear from you! They're inviting feedback on their future plans, and your input could shape the financial reporting landscape.

The Financial Accounting Standards Advisory Council (FASAC) had its quarterly meeting, focusing on Financial KPIs, FASB’s interpretive process, and post-implementation reviews. Key discussions revolved around standardizing KPIs like EBITDA and FCF.

The Financial Accounting Standards Board (FASB) is seeking feedback on how to improve accounting for intangibles. Stakeholders have until May 30, 2025, to share their thoughts.

The Financial Accounting Standards Board (FASB) is calling for public feedback on a new proposal to enhance transparency and uniformity in accounting for environmental credits and obligations. Your thoughts are needed by April 15, 2025!

The FASB just dropped the new 2025 taxonomies, making your financial reporting a bit easier (or tougher, depending on how you look at it).

The Financial Accounting Foundation just shook up the Financial Accounting Standards Advisory Council with six new members. Expect fresh perspectives and a lot of number crunching.

The Financial Accounting Foundation just named Autumn Hindman to the Private Company Council, bringing years of financial expertise and a fresh perspective to the table.

The FASB has a new proposal on the table for measuring credit losses on accounts receivable and contract assets for private companies and not-for-profits. They want your feedback by January 17, 2025.