FASB Improves Guidance on Purchased Loans
https://www.fasb.org/news-and-meetings/in-the-news/fasb-improves-guidance-on-purchased-loans-423314
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Regulatory News
Finalizing Standards, Fresh Direction: The FASB’s Evolving Agenda
By: Dr. Amelia Hart, CPA, and Steve Sledge, CPA Turning the Page to the FASB’s Next Chapter The Financial Accounting Standards Board (FASB) is looking ahead to what is next as many of its current projects are near the Final Accounting Standards Update (ASU) milestone. Seven proposed updates are projected to be finalized by Dec. 31, 2025. If completed
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FASB Issues Standard that Improves Measurement of Credit Losses for Accounts Receivable and Contract Assets
Norwalk, CT—July 30, 2025—The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) that improves guidance on the measurement of credit losses for accounts receivable and contract assets. https://www.fasb.org/news-and-meetings/in-the-news/fasb-issues-standard-that-improves-measurement-of-credit-losses-for-accounts-receivable-and-contract-assets-422498
Ask First: Understand Better
By: Dr. Amelia Hart, CPA, and Steve Sledge, CPA Building on the preceding article,1 we suggest in this article that periods of uncertainty should not be immediately overwhelmed with efforts to provide answers, but rather, they should be met with questions. Taking time to ask questions is a pathway to understanding a company’s or client’s unique
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GASB Provides Guidance to Assist Stakeholders With Application of Its Pronouncements
https://gasb.org/news-and-meetings/in-the-news/gasb-provides-guidance-to-assist-stakeholders-with-application-of-its-pronouncements-422168
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FASB Improves Guidance on Share-Based Consideration Payable to a Customer
https://www.fasb.org/news-and-meetings/in-the-news/fasb-improves-guidance-on-share-based-consideration-payable-to-a-customer-421949
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Seeing Through the Chaos: An Accountant’s Lens
By: Dr. Amelia Hart, CPA, and Steve Sledge, CPA Recent economic developments, including shifts in inflation trends, interest rate fluctuations, global supply chain considerations, and evolving geopolitical conditions, are prompting many organizations to evaluate how recent events will impact their financial reporting processes and respective results. These dynamics can impact considerations around asset valuations, fair
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FASB Issues Standard That Clarifies Guidance for Identifying the Accounting Acquirer in a Business Combination
https://www.fasb.org/news-and-meetings/in-the-news/fasb-issues-standard-that-clarifies-guidance-for-identifying-the-accounting-acquirer-in-a-business-combination-421871
SEC Accepts 2025 FASB Taxonomies
https://www.fasb.org/news-and-meetings/in-the-news/sec-accepts-2025-fasb-taxonomies-421244
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Reviewing Proposed ASUs as We Begin 2025
By: Dr. Amelia Hart, CPA, and Steve Sledge, CPA In line with the timeline in its evolving technical agenda, FASB has recently completed the proposal of several Accounting Standards Updates (ASUs). This article sheds some light on proposed ASUs released during the latter half of 2024 that readers should be aware of as we begin
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