"The publication of Chapter 6 completes the FASB's Conceptual Framework — an important tool used by the Board in our decisions," said FASB chair Richard Jones in a statement. "We thank the FASB ...

FASB on Thursday issued a proposed new chapter of its Conceptual Framework related to the measurement of items recognized in financial statements.. If finalized by FASB, the proposed chapter, Chapter ...

The proposed chapter, Concepts Statement No. 8, Conceptual Framework for Financial Reporting—Chapter 4, Elements of Financial Statements, defines 10 elements of financial statements that would be ...

FASB on Wednesday issued a new chapter of its Conceptual Framework related to the recognition and derecognition of an item in financial statements.. The chapter, Chapter 5 of FASB Concepts Statement ...

The new framework builds on existing IASB and FASB frameworks. The IASB has revised portions of its framework; while the FASB has issued ‘Concepts Statement 8’ to replace ‘Concepts ...

NORWALK, Conn.--(BUSINESS WIRE)--The Financial Accounting Standards Board today issued two changes to the FASB’s conceptual framework and two Accounting Standards Updates that improve the ...

The conceptual framework is a series of Statements of Financial Accounting Concepts (SFACs), taken as a whole, set the objectives, characteristics and other concepts that determine how financial ...

There are other reasons to think that complying with the CECL model will not be as burdensome as institutions think. For one thing, banks have already been looking at their information systems and ...

The Financial Accounting Standards Board is airing a webcast Nov. 9 to explain its planned approach to showing the effect of credit losses in financial statements, a key point of contention between ...

However, according to AEI scholar Calomiris, the FASB proposal for expensing is misguided. It is based on a fundamental conceptual misunderstanding of the costs and benefits of employee stock options.