United States
The FASB has issued ASU 2021-03, which provides a new goodwill impairment alternative for private companies and not-for-profits.
The FASB recently issued requirements regarding the presentation and disclosure of contributed nonfinancial assets by nonprofit entities.
FASB to propose deferring the effective dates of ASC 606 for private franchisors and ASC 842 for certain entities.
Our comparisons provide an overview of the significant differences between U.S. GAAP and IFRS on a variety of topics.
The FASB has issued a proposed ASU regarding the accounting by not-for-profit entities for contributed nonfinancial assets.
FASB votes to defer the effective dates of leases, CECL and hedging for certain entities and insurance for all entities.