The Financial Accounting Standards Board approved a new rule for companies leasing out assets in an effort to eliminate a sometimes sizable accounting loss at the start of certain contracts. The new standard, approved Wednesday by the U.S. accounting standard-setter, serves as an update to a rule that went into […]
FASB
FASB to Explore Greater Disclosure of Supply-Chain Financing
Investors are a step closer to gaining greater clarity on companies’ so-called supply-chain finance programs. The Financial Accounting Standards Board, the private organization that sets accounting standards, voted Wednesday to add to its agenda a project exploring greater disclosure surrounding the arrangements. Supply-chain finance is essentially a form of short-term […]
FASB Further Delays Accounting Rule on Insurance Contracts
Insurance companies are getting even more time to implement a new rule for valuing long-term contracts following a vote by the Financial Accounting Standards Board on Wednesday. The rule maker, which sets accounting standards for companies and nonprofits in the U.S., in June proposed a delay of another year for […]