The 10 elements of financial statements, according to FASB The Financial Accounting Standards Board defined 10 elements of financial statements in a proposed new chapter for its Conceptual Framework.

Reviewed by Thomas Brock Fact checked by David Rubin The responsibility of enforcing and shaping generally accepted ...

The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) to address the accounting for and disclosure of crypto assets. The ASU’s amendments improved the ...

The Financial Accounting Standards Board (FASB) has issued an Invitation to Comment (ITC) to gather stakeholder feedback on its future standard-setting agenda. This focuses on enhancing financial ...

Tesla reported a $600 million gain on its 11,509 Bitcoin holdings in Q4 2024, benefiting from new FASB accounting rules that ...

MicroStrategy recently wrote to the Financial Accounting Standards Board (FASB), “This disconnect between an entity’s financial statements and the economic reality of its financial condition and ...

The proposed ASU would add definitions for environmental credits and obligations to the FASB's ASC Master Glossary.

While changes were suggested, many of the 32 respondents expressed general support for the broader effort to update the ...

Elon Musk’s company Tesla made a killing with Bitcoin, pulling in a $600 million profit in the fourth quarter of 2024 without ...

In the United States, two private-sector entities set the accounting standards for businesses: the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB).

The stock could be eligible for S&P 500 index inclusion once it adopts updated FASB accounting standards, the report said.

“Investors, regulators and practitioners asked the board to clarify what ... along with other provisions of FASB’s comprehensive proposal to revamp financial instruments accounting. FinREC (formerly ...