The long awaited revisions to the Financial Accounting Standards Board’s hedge accounting standard are in, but the FASB is advising against adopting the new standards too quickly.
“The accounting standards update for hedging, which FASB issued Monday, takes effect for public companies in 2019 and private companies in 2020 (see FASB releases hedge accounting standard). But FASB is also allowing early adoption for companies if they want to begin using it right away…” [ Read more here ]
After a long drawn out phase, the FASB (Financial Accounting Standards Board) has released their new guidelines for hedge fund accounting…
“The Financial Accounting Standards Board has released its long-awaited hedging standard, the final component of its financial instruments convergence project with the International Accounting Standards Board…” [ Read more here ]
Digital and crypto-currencies have exploded as a go to currency on the web, with their share prices typically skyrocketing shortly after inception. The market has been largely unregulated, but that may change with the Financial Accounting Standards Board (FASB) taking aim at the issue.
“According to Reuters, the FASB – which sets accounting standards for publicly traded US firms – hasn’t yet decided if it will develop new guidelines for companies dealing with bitcoin and other cryptocurrencies. However, the non-profit is apparently assessing whether it should begin that process following a request from the Washington, DC-based Chamber of Digital Commerce…” [ Read more here ]