Tag: FASB
SubscribeFASB Renews Call for Deeper Disclosures on Income Taxes
Is the third time really a charm? That’s the hot question floating around the offices of the Financial Accounting Standards Board in Norwalk, Connecticut, as the group once again pushes for expanding disclosure of corporate income taxes. Th...
Read MoreFASB (Finally) Backs Fair-Value Accounting for Cryptocurrency Assets
Cryptocurrency enthusiasts don’t exactly seem like rule-following types. In fact, defying convention likely makes up much of crypto’s appeal for many digital-token owners. Pesky things like accounting standards probably don’t even show up o...
Read MoreFinancial Accounting Standards Board Nearing New Disclosure Rules for Joint Ventures
In August, Honda and LG Energy Solution revealed that they would be investing $4.4 billion to develop a U.S. electric-vehicle battery factory. The automaker and battery company are taking part in an increasingly popular U.S. corporate arra...
Read MoreFASB: A New Hope for Raising Corporate Taxes
It makes for a splashy headline every year after watchdog groups get a chance to comb through corporate financial statements: “[INSERT NAMES OF BIG CORPORATIONS] Paid No Taxes in [INSERT LAST YEAR].” For example, the Institute on Taxation a...
Read MoreFASB Endorses New Disclosures for Supply-Chain Financing
Since the onset of the COVID-19 pandemic in 2020, companies and their vendors have needed creative solutions to keep supply chains moving. One solution that has become increasingly popular involves third-party financing for companies’ purch...
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