F.A.S.B. Chairman Plans to Retire
The Financial Accounting Standards Board said its chairman, Robert Herz, had decided to retire after more than eight years leading the group.
View ArticleNew Faces Enter Fray in Accounting
New leaders of the American and international accounting rule-making boards will push for agreement on how banks should value their assets, Floyd Norris writes in his latest column.
View ArticleNew Accounting Proposal on Leasing Portends Big Changes
Proposed changes on reporting leases, backed by the International Accounting Standards Board and the Financial Accounting Standards Board of the United States, are unlikely to satisfy many corporations.
View ArticleNew Standards for Companies’ Revenue Accounting Will Begin in 2017
The new rules — issued by the two boards that set accounting standards for companies in most major countries — replace those specifying how and when revenue can be recognized in different industries.
View ArticleNew Rule Gives Banks Discretion on Early Loan Write-Downs, but Attracts Skeptics
Banks will have more leeway in deciding when to report future loan losses. That could provide information to investors earlier, but it also could lead to earnings management.
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