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News
Accounting Board Newcomer Prioritizes Streamlining US Guidance
1+ week, 5+ day ago (712+ words) The US accounting board’s newest member says she will prioritize corporate and investor feedback as the rulewriter takes up some of the most pressing topics in financial reporting, from crytocurrency to private credit. Nearly two months into her tenure on…...
Debt Modifications Accounting Comes Under US Board’s Microscope
2+ week, 3+ day ago (89+ words) Bloomberg Law News The US accounting board added a project Wednesday focused on simplifying thorny guidance for how companies should report debt modifications and exchanges. The Financial Accounting Standards Board tentatively voted to require what is known as “extinguishment accounting…...