FASB Resources

November 26, 2024

This page contains a listing of Standards Updates directly linked to fasb.org, as well as other news from the Financial Accounting Standards Board.

News

Accounting Standards Updates Issued in 2024

  • Update 2024-04 - Debt—Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments
  • Update 2024-03 - Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses
  • Update 2024-02 - Codification Improvements—Amendments to Remove References to the Concepts Statements
  • Update 2024-01 - Compensation—Stock Compensation (Topic 718): Scope Application of Profits Interest and Similar Awards

Accounting Standards Updates Issued in 2023

  • Update 2023-09 - Income Taxes (Topic 740): Improvements to Income Tax Disclosures
  • Update 2023-08 - Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets
  • Update 2023-07 - Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures
  • Update 2023-06 - Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative
  • Update 2023-05 - Business Combinations—Joint Venture Formations (Subtopic 805-60): Recognition and Initial Measurement
  • Update 2023-04 - Liabilities (Topic 405): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 121 (SEC Update)
  • Update 2023-03 - Presentation of Financial Statements (Topic 205), Income Statement—Reporting Comprehensive Income (Topic 220), Distinguishing Liabilities from Equity (Topic 480), Equity (Topic 505), and Compensation—Stock Compensation (Topic 718): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 120, SEC Staff Announcement at the March 24, 2022 EITF Meeting, and Staff Accounting Bulletin Topic 6.B, Accounting Series Release 280—General Revision of Regulation S-X: Income or Loss Applicable to Common Stock (SEC Update)
  • Update 2023-02 - Investments—Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method (a consensus of the Emerging Issues Task Force)
  • Update 2023-01 - Leases (Topic 842): Common Control Arrangements

Accounting Standards Updates Issued in 2022

  • Update 2022-06 - Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848
  • Update 2022-05 - Financial Services—Insurance (Topic 944): Transition for Sold Contracts
  • Update 2022-04 - Liabilities—Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations
  • Update 2022-03 - Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions
  • Update 2022-02 - Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures
  • Update 2022-01 - Derivatives and Hedging (Topic 815): Fair Value Hedging—Portfolio Layer Method

Accounting Standards Updates Issued in 2021

  • Update 2021-10 - Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance
  • Update 2021-09 - Leases (Topic 842): Discount Rate for Lessees That Are Not Public Business Entities
  • Update 2021-08 - Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers
  • Update 2021-07 - Compensation—Stock Compensation (Topic 718): Determining the Current Price of an Underlying Share for Equity-Classified Share-Based Awards (a consensus of the Private Company Council)
  • Update 2021-06 - Presentation of Financial Statements (Topic 205), Financial Services—Depository and Lending (Topic 942), and Financial Services—Investment Companies (Topic 946): Amendments to SEC Paragraphs Pursuant to SEC Final Rule Releases No. 33-10786, Amendments to Financial Disclosures about Acquired and Disposed Businesses, and No. 33-10835, Update of Statistical Disclosures for Bank and Savings and Loan Registrants (SEC Update)
  • Update 2021-05 - Leases (Topic 842): Lessors—Certain Leases with Variable Lease Payments
  • Update 2021-04 - Earnings Per Share (Topic 260), Debt—Modifications and Extinguishments (Subtopic 470-50), Compensation—Stock Compensation (Topic 718), and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options (a consensus of the FASB Emerging Issues Task Force)
  • Update 2021-03 - Intangibles—Goodwill and Other (Topic 350): Accounting Alternative for Evaluating Triggering Events
  • Update 2021-02 - Franchisors—Revenue from Contracts with Customers (Subtopic 952-606): Practical Expedient
  • Update 2021-01 - Reference Rate Reform (Topic 848): Scope

Accounting Standards Updates Issued in 2020

  • Update 2020-11 - Financial Services—Insurance (Topic 944): Effective Date and Early Application
  • Update 2020-10 - Codification Improvements
  • Update 2020-09 - Debt (Topic 470): Amendments to SEC Paragraphs Pursuant to SEC Release No. 33-10762
  • Update 2020-08 - Codification Improvements to Subtopic 310-20, Receivables—Nonrefundable Fees and Other Costs
  • Update 2020-07 - Not-for-Profit Entities (Topic 958): Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets
  • Update 2020-06 - Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity
  • Update 2020-05 - Revenue from Contracts with Customers (Topic 606) and Leases (Topic 842): Effective Dates for Certain Entities
  • Update 2020-04 - Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting
  • Update 2020-03 - Codification Improvements to Financial Instruments
  • Update 2020-02 - Financial Instruments—Credit Losses (Topic 326) and Leases (Topic 842)—Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 119 and Update to SEC Section on Effective Date Related to Accounting Standards Update No. 2016-02, Leases (Topic 842)  (SEC Update) 
  • Update 2020-01 - Investments—Equity Securities (Topic 321), Investments—Equity Method and Joint  Ventures (Topic 323), and Derivatives and Hedging (Topic 815)—Clarifying the Interactions between Topic 321, Topic 323, and Topic 815 (a consensus of the FASB Emerging Issues Task Force)
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