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US FASB To Introduce Fair Value Accounting for Cryptocurrencies

US FASB To Introduce Fair Value Accounting for Cryptocurrencies
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FASB updates leasing standard for entities under common control

The board issued an ASU to ease the guidance for applying the leasing standard to arrangements between entities under common control.

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FASB celebrates 50th anniversary

The board is marking a half century of service and received a special proclamation from the mayor of Norwalk, Connecticut, where it is based.

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FASB decides to tweak leases standard to add common control arrangements

The board voted to provide a practical expedient for when companies have related-party arrangements between entities under their common control.

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Financial Accounting Standards Board votes to release draft cryptocurrency in March

Financial Accounting Standards Board votes to release draft cryptocurrency in March
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Crypto at fair value: Inside FASB's decision

Board staff believe the approach better aligns measurement of crypto assets with that of other assets used for investment purposes.

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FASB pauses goodwill accounting project

The Financial Accounting Standards Board has decided to set aside a long-running project on goodwill accounting that would have required companies to amortize goodwill on a straight-line basis over 10 to 25 years, removing the project from its technical agenda and deprioritizing it for now.

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