This site uses cookies to store information on your computer. Some are essential to make our site work; others help us improve the user experience. By using the site, you consent to the placement of these cookies. Read our privacy policy to learn more.

FASB financial accounting & reporting

About this topic

Financial professionals are facing unprecedented changes in financial accounting and reporting. Economic, regulatory, and global forces are demanding higher-quality reporting while standards are in continual flux. These learning resources are designed to help you understand the knowledge and skills needed in the areas of financial accounting and reporting to appropriately serve their employers or clients.

Check your knowledge

Take a knowledge check to evaluate your proficiencies and find related learning resources.

Get started

U.S. tax and FASB’s new paradigm for revenue recognition

This sweeping new standard for revenue recognition has many important tax considerations. This article explains those considerations.

Article Revenue recognition Intermediate

FASB New Not-for-Profit Standard: Maintaining Auditor Independence

This blog post discusses several areas where auditors can help clients implement the new standard.

Article Audit Intermediate

Get revenue recognition right at not-for-profits

Costly revenue recognition mistakes can be avoided by following best practices that lead to proper judgments. This article explores these best practices.

Article FASB financial accounting & reporting Intermediate

7 Key Facts on the FASB’s Revenue Recognition Standard

The FASB has postponed the effective date of its revenue recognition standard, giving additional time to prepare for implementation. Learn seven facts about the new...

Article Revenue recognition Foundational

Bringing leases into view

This article discusses how the new lease standard will result in changes in recognition and presentation on the balance sheet for lessees.

Article Leases Foundational

Preferability and the private company alternatives

This article discusses how FASB principle for accounting policy decisions affects election of options developed by the Private Company Council.

Article FASB financial accounting & reporting Intermediate

Will simpler also be better?

This article discusses 7 ways reduced complexity will affect the financial reporting world.

Article FASB financial accounting & reporting Foundational

New challenges in a delicate process: Difficulties presented by FASB's going-concern standard

This article examines the new going concern look-forward period, disparities with audit guidance, and a new triggering threshold.

Article Going concern Foundational

Accounting for Financial Instruments

This article provides background information on ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.

Article Financial instruments Foundational

FASB Credit Losses Standard

This video provides a brief overview of the FASB’s credit impairment standard.

Video Financial instruments Foundational

Introduction to the New Revenue Recognition Standard

Kim Kushmerick, AICPA Senior Technical Manager-Accounting Standards, provides an overview of the new revenue recognition standard and highlights helpful AICPA...

Video Revenue recognition Foundational

Professional Judgment

Several organizations have developed informational pieces discussing the need for professional judgment. This page provides descriptions and links to each.

Article Audit Foundational