CFO Dive

APRIL 11, 2025

Existing accounting standards have led to “scope creep,” with derivative standards being applied too often, FASB Chair Richard Jones said.

Accounting Standards 265

Accounting Standards Accounting 265

CFO Dive

MARCH 29, 2024

The proposed accounting standards update is one of several initiatives that have been a priority for FASB under the general theme of disaggregation.

Accounting Standards 291

Accounting Standards Accounting 291

CFO Dive

DECEMBER 15, 2023

standard setter has issued nine new accounting standards updates so far this year, compared to six in all of 2022.

Accounting Standards 284

Accounting Standards Accounting 284

The Charity CFO

MAY 10, 2022

If your nonprofit uses donations of supplies, services, and even time to help fund your operations, you need to know about recent changes in accounting standards for in kind donations. The #1 accounting mistake that nonprofits make is hiring the wrong people to help them. Get the free guide!

Accounting Standards 91

Accounting Standards Accounting GAAP Nonprofit 91

CFO Dive

JANUARY 6, 2023

Fed efforts to curb inflation, an imbalance in the demand and supply of workers and clarification of accounting standards are among the CFO trends this year.

CFO 284

CFO Accounting Standards Accounting 284

CFO Dive

APRIL 5, 2023

accounting standard setter is revisiting accounting for software costs. The new project marks the first time in decades that the U.S.

Accounting 273

Accounting Accounting Standards 273

CFO Dive

MAY 12, 2022

The board is getting serious about improving accounting standards for digital assets even as a crypto market slump is hammering valuations.

Prioritization 273

Prioritization Accounting Standards Valuation Accounting 273

CFO Dive

JANUARY 19, 2023

The project to improve software accounting standards is a long time coming. At least one element of the current standards has remained largely unchanged since 1985.

Accounting 274

Accounting Accounting Standards 274

CFO Dive

DECEMBER 13, 2024

The new accounting standard will fundamentally change how businesses track and report compensation, especially with regards to bonuses and commissions, Mark Schopmeyer writes.

Accounting Standards 246

Accounting Standards Accounting 246

CFO Dive

MARCH 27, 2023

The changes to lease accounting standards (Topic 842) provide narrowly targeted relief for some companies grappling with the guidance from 2016.

Accounting Standards 260

Accounting Standards Accounting 260

CFO Dive

OCTOBER 1, 2022

exchanges comply with the country’s accounting standards. The penalty is the latest sign of regulators’ battle to ensure foreign companies on U.S.

Accounting Standards 261

Accounting Standards Accounting 261

CFO Dive

MARCH 15, 2023

While previous FASB efforts to update accounting standards for taxes have fizzled, Chair Richard Jones has said tweaks to the project’s scope have made it achievable.

Accounting Standards 261

Accounting Standards Accounting 261

CFO Dive

JUNE 29, 2023

The FASB is poised to tweak existing accounting standards which originally sought to address calls for timelier loss reporting after the 2008 financial crisis.

Accounting Standards 256

Accounting Standards Accounting 256

CFO Dive

JULY 17, 2023

The current expected credit losses accounting standard was aimed at fostering timelier reporting of deteriorated assets. It’s been controversial.

Accounting Standards 246

Accounting Standards Accounting 246

CFO Dive

MARCH 14, 2022

Although the Financial Accounting Standards Board took no action on the matter at its early-March meeting, members signaled they’d like to stop counting a company’s customer relationships as an asset.

Accounting Standards 246

Accounting Standards Accounting 246

Bramasol

AUGUST 13, 2023

Specific issues addressed in the PIR are: Which terms and conditions should be considered when determining whether a lease exists and, if so, the classification and accounting for the lease.

Accounting Standards 92

Accounting Standards Accounting 92

PYMNTS

JUNE 24, 2019

Financial regulators are considering allowing smaller businesses (SMBs) more time to comply with sweeping changes in lease accounting standards, which experts have said will place a significant burden as organizations work to comply with the requirements. We’ll ask you for input on this as well.”

Accounting Standards 58

Accounting Standards Accounting Profit and Loss Compliance 58

PYMNTS

OCTOBER 9, 2018

Banks and businesses alike are heading toward the 11th hour of changes in accounting standards, which will have a major impact on how companies report financial metrics and performance. Experts say the move will not go unnoticed when the accounting standards begin to take effect for public companies in 2021.

Accounting Standards 61

Accounting Standards Accounting Banking Corporate Finance 61

CFO News

JULY 17, 2023

The ministry of corporate affairs (MCA) has received recommendations by the National Financial Reporting Authority (NFRA) on the Indian Accounting Standard (Ind AS) 117 for insurance contracts, he told ET."The The standards will soon be notified under the Companies (Indian Accounting Standards) Rules 2015," he added.

Accounting Standards 52

Accounting Standards Accounting Financial Reporting 52

Reval

JULY 13, 2017

accounting standard that makes it easier to account for hedges is likely to encourage more corporates to hedge. The Financial Accounting Standards Board voted last month to finalize the new hedge accounting standard, and the final standard is due out in August. Treasury & Risk.

Accounting Standards 52

Accounting Standards Accounting Treasury Compliance 52

CFO Dive

APRIL 29, 2025

The FASB is proposing specific accounting standards for carbon offsets and other climate-related credits and obligations, an area where GAAP is now effectively silent.

GAAP 172

GAAP Accounting Standards Marketing Accounting 172

CFO News

APRIL 27, 2023

NFRA will share its recommendations with the ministry of corporate affairs, which will consider the Ind AS 117 and notify the standards under Companies (Indian Accounting Standards) Rules 2015. Once notified, Ind AS 117 will replace the current Ind AS 104, Insurance Contracts.

Accounting Standards 59

Accounting Standards Accounting 59

The Charity CFO

JANUARY 19, 2023

Accounting standards for nonprofits are probably not the first thing you think about, but are crucial for your organization to succeed. Because of their unique structure and operational model, nonprofits must comply with various accounting standards that are, in many ways, different from for-profit organizations.

Accounting Standards 52

Accounting Standards Nonprofit Accounting GAAP 52

CFO Dive

SEPTEMBER 20, 2023

For the first time in nearly 40 years the Financial Accounting Standards Board is working to update its guidance on software costs

Accounting Standards 167

Accounting Standards Accounting 167

CFO Dive

JUNE 30, 2022

accounting standard setter drew a three-fold jump in investor feedback after launching an initiative in 2020 to get more input on where it should focus its efforts.

Accounting Standards 157

Accounting Standards Accounting 157

PYMNTS

OCTOBER 1, 2019

have led the Financial Reporting Council (FRC) to enact more stringent accounting standards, The Guardian reported on Monday (Sept. According to reports, the FRC issued an updated going concern standard, adding “significantly stronger requirements” for U.K. More high-profile corporate collapses in the U.K.

Accounting Standards 51

Accounting Standards Accounting Auditing Communication 51

CFO Dive

MARCH 23, 2022

The 2022 reporting taxonomies include updates to accounting standards on credit losses and balance sheet offsets, among other things, the Financial Accounting Standards Board says.

Accounting Standards 130

Accounting Standards Accounting 130

PYMNTS

SEPTEMBER 26, 2019

The Securities and Exchange Board of India will reportedly give non-bank financial companies (NBFCs) two years to adopt and implement changes to accounting standards, the Financial Express reported Wednesday (Sept. regulators have given small businesses more time than other firms to adopt the accounting standard changes.

Accounting Standards 43

Accounting Standards Accounting Economics Financial Reporting 43

PYMNTS

OCTOBER 18, 2019

The Financial Accounting Standards Board (FASB), which establishes accounting standards in the U.S., is offering corporates more time to adopt some revised standards, The Wall Street Journal said on Thursday (Oct. 15, 2022 to adopt CECL. 15, 2019 deadline for large public lenders has not changed.

Accounting Standards 40

Accounting Standards Accounting Nonprofit Compliance 40

CFO Dive

APRIL 21, 2022

accounting standards setter will likely affirm the proposed two-year extension of LIBOR-related accounting relief unless it gets new feedback during the public comment period, according to a FASB spokesperson.

Accounting 144

Accounting Accounting Standards 144

CFO News

NOVEMBER 29, 2024

India stands poised to reshape its accounting standards, integrating global best practices with its unique needs. Sunil Kanoria, Co-Founder of Srei Group and former President of Assocham, explores this pivotal transformation.

Accounting Standards 45

Accounting Standards Accounting Leadership 45

CFO News

MARCH 18, 2025

Chopra said that treasury operations and foreign exchange liabilities should have been thoroughly reviewed otherwise where is the need of Accounting Standards, an area where the CFO, auditors did not pay attention and the crisis landed.

Foreign Exchange 55

Foreign Exchange Profit and Loss CFO Accounting Standards 55

CFO Dive

FEBRUARY 3, 2022

The Financial Accounting Standards Board also wants lenders to report on current-year gross write-offs by year of origination.

Accounting Standards 130

Accounting Standards Accounting 130

Cube Software

APRIL 3, 2025

The consolidation process typically includes aggregating financial results, eliminating intercompany transactions, handling currency conversions, and ensuring compliance with accounting standards like the International Financial Reporting Standards (IFRS) or Generally Accepted Accounting Principles GAAP.

IFRS 52

IFRS GAAP Accounting Principles Accounting Standards 52

CFO Dive

JULY 18, 2022

The Financial Accounting Standards Board Chair Richard Jones discussed the organization’s agenda, a possible quick fix and the accounting topic that finally trended on social media.

Accounting Standards 130

Accounting Standards Accounting 130

CFO News

FEBRUARY 20, 2025

IFRS 17, the global insurance accounting standard, took effect in 2023, with India aligning through Ind AS 117, issued in August 2024. While the initial compliance deadline was 2025, IRDAI has extended it to 2027, giving insurers more time to adapt. Heres what they shared.

Accounting Standards 40

Accounting Standards IFRS Accounting Compliance 40

CFO News

OCTOBER 25, 2023

The Adani Group has stated that it has followed all relevant accounting standards and laws. The National Financial Reporting Authority (NFRA) has requested audit affiliates of Deloitte, EY, KPMG, Grant Thornton, and two Ahmedabad-based CA firms to provide information regarding their audit practices while auditing Adani companies.

Accounting Standards 52

Accounting Standards Auditing Accounting Financial Reporting 52