Tag Archives: accounting standards

The FASB continued to clear its current technical agenda by issuing 4 new ASUs over the past few weeks. Read more for how each of these standards updates could affect your practice and your clients.


This past week, the FASB issued two new ASUs, bringing the total of Updates issued in the first two months of the year up to six, compared to two Updates issued by this time last year. Read more for an overview of each of these recent Updates.


The Financial Accounting Standards Board (FASB) has been very active in early 2017, having issued three Accounting Standard Codification (ASC) Updates this past week. Here’s a quick summary of the new Updates.

Topic 606 update

The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-20 today, which addresses a number of implementation issues that have been identified as business entities move to adopt ASC Topic 606, Revenue from Contracts with Customers. This much-anticipated update contains guidance on 13 specific issues that had been previously identified since the […]