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FASB publishes new articles

  • FASB (US Financial Accounting Standards Board) (lt blue) Image

Aug 30, 2019

In August 2019, the Financial Accounting Standards Board (FASB) released three new articles on effective dates, intangible assets and the upcoming proposal on reference rate reform and the revised proposal on balance sheet classification of debt.

The Philosophy of Effective Dates

The FASB recently took a fresh look at its philosophy for setting effective dates. FASB Chairman Russ Golden discusses how it should help smaller public companies, private companies and not-for-profit organizations apply standards more efficiently.

Internally Generated Intangible Assets

Intangible assets have become an increasingly larger component of the valuation for all companies. Under U.S. GAAP, however, most internally generated intangible assets are not recorded on the balance sheet. FASB Member Gary Buesser considers whether they should be.

On the Horizon

Here's what you need to know about the FASB's upcoming proposal on reference rate reform and its revised proposal on balance sheet classification of debt.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.