FASB advances GAAP codification refresh
CFO Dive
JULY 24, 2025
More than 30 accounting rule updates were affirmed by the U.S. standard setter Wednesday as part of a broad refresh of the codification that underpins GAAP.
Accounting CFO GAAP 
FASB issues credit loss accounting relief
CFO Dive
JULY 31, 2025
The latest GAAP update comes as FASB stakeholders have identified several new standard-setting areas of interest, including potential projects related to stablecoins.
Join 39,000+
Insiders
Sign Up for our Newsletter
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Webinars
AI In Accounting: A Practical Roadmap For Smarter AP
How to Streamline Payment Applications & Lien Waivers Through Innovative Construction Technology
Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future
Precision in Motion: Why Process Optimization Is the Future of Manufacturing
Stop Budget Burnout: A Better Way to Grow Your Nonprofit in 2026
Trending Sources
Cross-Listed Companies, Navigating International Reporting Standards
CFO Talks
NOVEMBER 20, 2024
For example, while South African companies follow International Financial Reporting Standards (IFRS), the US requires compliance with its Generally Accepted Accounting Principles (GAAP). IFRS is principles-based and allows for some judgment in financial reporting, while GAAP is more rigid, rules-based, and less forgiving.
Webinars
AI In Accounting: A Practical Roadmap For Smarter AP
How to Streamline Payment Applications & Lien Waivers Through Innovative Construction Technology
Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future
Precision in Motion: Why Process Optimization Is the Future of Manufacturing
Stop Budget Burnout: A Better Way to Grow Your Nonprofit in 2026
FASB clarifies rules for warrants, share-based payments
CFO Dive
MAY 16, 2025
The GAAP update will affect how companies account for share-based financial instruments such as warrants that they grant to customers as a kind of rebate to incentivize purchases.
From Jo’burg to Jakarta: The CFO’s Passport to Global Control
CFO Talks
AUGUST 6, 2025
But in the back of your mind, you know the hard work starts now, because you, as CFO, are the one who must bring order to financial chaos in a world that speaks many accounting languages, follows different rules, and operates on different calendars. Welcome to cross-border CFOing. IFRS, local GAAP)? Never assume.
Scaling a Nonprofit: Lessons from Southside Blooms’ Rapid Growth
The Charity CFO
JANUARY 22, 2025
Financial Management Moving from basic bookkeeping to GAAP-compliant accounting became necessary as the organization grew. About The Charity CFO We are an accounting partner that truly understands nonprofits. If you need help with your accounting and bookkeeping, lets talk. Book a FREE consultation here.
Future-proofing the finance infrastructure
Future CFO
JUNE 19, 2025
Harmonising financial reporting and compliance Finding the balance between financial reporting and compliance across multiple jurisdictions, while trying to comply to global standards such US GAAP and IFRS with local tax regimes and regulatory requirements without overburdening local teams can be such a huge task for many organisations.
Niva Bupa Health Q1 loss widens due to change in accounting norms: CFO
CFO News
AUGUST 4, 2025
Niva Bupa Health's CFO, Vishwanath Mahendra, attributes the Q1 net loss increase to accounting changes aligning with IFRS. He explains the shift from immediate expense recognition under Indian GAAP to spreading costs over the policy term, impacting premium recognition and the combined ratio.
The 6 things every CFO should do to prepare for CBAM
CFO Dive
JUNE 16, 2025
Skip to main content Dont miss tomorrows CFO industry news Let CFO Dives free newsletter keep you informed, straight from your inbox. To manage this new financial liability, there are six steps that every CFO should take to prepare. You can unsubscribe at anytime.
PCAOB slams Hong Kong auditor of Luckin Coffee
CFO Dive
JULY 23, 2025
Skip to main content CONTINUE TO SITE ➞ Dont miss tomorrows CFO industry news Let CFO Dives free newsletter keep you informed, straight from your inbox. Daily Dive M-F Tech Weekly Every Tuesday By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at anytime.
Finance’s role in technology transformations: Strategies to be an active participant in your transformation
CFO Dive
JULY 28, 2025
Skip to main content Dont miss tomorrows CFO industry news Let CFO Dives free newsletter keep you informed, straight from your inbox. Brown via Getty Images Opinion The Ben Affleck accounting shortage hack “The Accountant” movie from 2016 is loved by many CPAs. You can unsubscribe at anytime.
Pitney Bowes replaces CFO after only months in seat
CFO Dive
AUGUST 1, 2025
Skip to main content CONTINUE TO SITE ➞ Dont miss tomorrows CFO industry news Let CFO Dives free newsletter keep you informed, straight from your inbox. With respect to the CFO position, this in no way — the change in no way reflected on Bob. Hes an excellent CFO. You can unsubscribe at anytime. Published Aug.
Trump releases AI action plan targeting regulatory ‘red tape’
CFO Dive
JULY 23, 2025
Skip to main content CONTINUE TO SITE ➞ Dont miss tomorrows CFO industry news Let CFO Dives free newsletter keep you informed, straight from your inbox. Branch, “big tech accountability advocate” at Public Citizen, a Washington-based consumer advocacy group, said the plan provides “sweetheart deals” to tech giants.
GM CFO looks to strategic pricing, costs to blunt $1.1B tariff impact
CFO Dive
JULY 23, 2025
Skip to main content CONTINUE TO SITE ➞ Dont miss tomorrows CFO industry news Let CFO Dives free newsletter keep you informed, straight from your inbox. hiked to 50% in May, CFO Dive sister publication Supply Chain Dive previously reported. You can unsubscribe at anytime.
Alphabet CFO reports spike in operating costs after $1.4B Texas settlement
CFO Dive
JULY 24, 2025
Skip to main content CONTINUE TO SITE ➞ Dont miss tomorrows CFO industry news Let CFO Dives free newsletter keep you informed, straight from your inbox. Texas settlement Alphabet’s total operating expenses jumped 20% during the second quarter, driven largely by legal costs, CFO Anat Ashkenazi said.
FASB backs off bigger software accounting revamp
CFO Dive
MARCH 21, 2024
It's been decades since the Financial Accounting Standards Board has made any major changes to GAAP accounting rules for software.
FASB revisits GAAP cleanup
CFO Dive
OCTOBER 3, 2023
The board may remove some "non-authoritative" definitions from the codification — effectively the bible of generally accepted accounting standards.
FASB publishes narrow software accounting revamp proposal
CFO Dive
OCTOBER 29, 2024
In June the FASB voted 7-0 for the more targeted update, even as some expressed concerns about not going far enough to modernize GAAP rules.
FASB tees up GAAP codification cleanup for comment
CFO Dive
SEPTEMBER 19, 2024
The codification, effectively the bible for generally accepted accounting principles, was last updated in 2020.
FASB seeks comment on narrow hedge accounting fix
CFO Dive
JUNE 5, 2024
Despite a unanimous vote, some board members expressed concern the proposed improvements to GAAP hedging guidance do not go far enough.
FASB updates convertible debt rules
CFO Dive
NOVEMBER 27, 2024
The new GAAP guidance stems from a request made by Big Four accounting firms and comes as the convertible bond market is regaining steam.
FASB’s environmental credit rules recall crypto debate
CFO Dive
JUNE 13, 2024
Like crypto rules FASB recently finalized, the environmental credit accounting standards would provide specific guidance where GAAP is currently silent.
FASB to borrow from international rules for government grants
CFO Dive
APRIL 5, 2024
Many businesses and financial report preparers already rely on the IAS government grant accounting rules because GAAP is silent on the subject.
SEC accepts crypto update to GAAP taxonomy
CFO Dive
AUGUST 17, 2022
The accounting changes come as crypto-asset valuations have taken a beating and drawn increasing regulatory scrutiny.
FASB’s draft rules could harm environmental credit markets, EDF says
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.
What to know about the $7.25 minimum wage
CFO Dive
JULY 24, 2025
Skip to main content CONTINUE TO SITE ➞ Dont miss tomorrows CFO industry news Let CFO Dives free newsletter keep you informed, straight from your inbox. Brown via Getty Images Opinion The Ben Affleck accounting shortage hack “The Accountant” movie from 2016 is loved by many CPAs.
Updated Accounting Standards for In-Kind Donations (2022)
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. So now is the perfect time to make sure you report in kind gift donations in compliance with GAAP standards in 2022. Get the free guide!
Fund Accounting for Nonprofits & Charities
The Charity CFO
JANUARY 21, 2022
And the issue of restricted funds presents unique bookkeeping and accounting challenges for a nonprofit that a for-profit company doesn’t face. This accounting system is called fund accounting. This accounting system is called fund accounting. Who’s Required to Use Fund Accounting? .
Do Nonprofits Use Cash or Accrual Accounting?
The Charity CFO
APRIL 5, 2022
If you’re like many people, you probably think that there is a single set of accounting rules that every company must follow. . But that’s not quite true—nonprofits face a decision between 2 different accounting methods for tracking their financial activity: cash accounting vs. accrual accounting.
Set Up a Nonprofit Chart of Accounts (Free Template)
The Charity CFO
FEBRUARY 25, 2022
If you’re brand new to nonprofit accounting, the Chart of Accounts might be the best place to start. Because even if you only have one bank account, bill, investment, or expense, you’ll need one. What is a Chart of Accounts? How to Organize a Nonprofit Chart of Accounts . Account Description.
Nonprofit Accounting Basics for Founders, Board Members & Executives
The Charity CFO
JANUARY 17, 2022
If you’re like most nonprofit leaders, you’re not researching nonprofit accounting basics to satisfy your curiosity. with this overview of nonprofit accounting basics. . What is nonprofit accounting? Investopedia defines accounting as “the process of recording financial transactions pertaining to a business.” .
Accounting for In-Kind Donations to Nonprofits
The Charity CFO
JANUARY 13, 2022
But accounting for in-kind donations presents its own unique challenges. In this article, we’ll dig into how to account for in-kind donations on your nonprofit’s books. Why accounting for in-kind donations matters. Accounting for in-kind donations isn’t just important; it’s required for many nonprofit organizations. .
Embracing AI in Finance and Accounting: Balancing Risk and Innovation
CFO Leadership
OCTOBER 10, 2023
AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals.
When Does Your Nonprofit Need an Audit?
The Charity CFO
DECEMBER 30, 2021
Don't hire the wrong accountant for your nonprofit! The #1 accounting mistake that nonprofits make is hiring the wrong people to help them. Get this FREE guide to discover what you need to do to ensure you hire the right accountant, bookkeeper, or CFO the FIRST time. Get the free guide! ” Bottom line?
Family Office Financial Management
https://trustedcfosolutions.com/feed/
FEBRUARY 18, 2022
Choosing the right accounting software is important. Financial governance allows your organization to meet compliance requirements, such as IFRS and GAAP updates, by having the right financial controls in place. However, there are exceptional cloud accounting software programs that can take that complexity and make it simple.
The Dual Purposes of Accounting and Fundraising Software
The Charity CFO
OCTOBER 9, 2024
One of the most sought-after tools is a platform or software to integrate your fundraising and accounting data seamlessly. This makes it challenging to create technology that tracks data for fundraising purposes while still following accounting principles. So why does it seem so hard to find this unicorn platform?
Staying Ahead of Changes in Accounting
CFO Selections
AUGUST 28, 2024
By proactively preparing for GAAP changes, CFOs can position their business for success. As a CFO or Controller, staying at the forefront of accounting best practices and standards is crucial for maintaining financial integrity , advancing innovation in accounting, and ensuring compliance.
The Difference between a Bookkeeper, an Accountant, and a CFO
The Charity CFO
JULY 19, 2024
When most people think of an organization’s financial department, they think of accountants. Bookkeepers, accountants, and Chief Financial Officers (CFOs) all serve critical roles in managing an organization’s finances. What is an Accountant? Accountants run reports to help determine if the bookkeeping is done correctly.
How Do I Forecast with Tax Code 280E?
CFO Share
AUGUST 5, 2021
The difference between cost of goods sold and ordinary business expenses is well defined in Generally Accepted Accounting Principles (GAAP) but routinely ignored by small business bookkeeping services. Even worse, an IRS income tax return does not follow the same rules as GAAP. Indirect materials and supplies (such as???).
Nine Fundraising ideas for nonprofits
The Charity CFO
MARCH 13, 2023
Fundraising ideas will impact your accounting When raising money through fundraising, you need to consider how this affects your nonprofit’s accounting. The way revenue and expenses are recorded can differ for GAAP purposes and tax purposes ( Form 990 ). It will not be reported on Form 990. Get the free guide!
Two CFO-Level Accounting Tools to Add Value to Your Accounting Services
The CFO College
JUNE 3, 2021
Increase Your Value and Boost Your Services with Two CFO-Level Accounting Tools. Yes, automations can crunch numbers, but there is so much more to providing accounting services than calculations. What Is a CFO-Level Service? Earning that level of trust and delivering that degree of value is not out of reach.
How to Comply with Accounting Standards for Nonprofits
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.
Richard Buckley joins vcfo Austin as Consulting CFO
VCFO
APRIL 27, 2023
vcfo Austin welcomes Richard Buckley, Consulting CFO, to serve all Austin and Central Texas area clients. Richard started in the mail room at Exxon, taking night classes to earn his degree in accounting. He served as CFO for H2X LLC and president and CFO for Conch / Druid Oilfield Services.
Zack Meyer Joins The Charity CFO as Director of Quality Assurance
The Charity CFO
JANUARY 18, 2022
Zack joins us after two decades as a not-for-profit accountant in both public accounting and the nonprofit industry. In this new role, he will serve as one of our in-house experts on existing and emerging nonprofit accounting standards and auditing best practices. Please join us in welcoming Zack Meyer to The Charity CFO!
Let's personalize your content