Financial Accounting Standards Board (FASB)

A member of our Non-profit Stakeholder community since October, 2007.


2019 US GAAP Financial and SEC Reporting Taxonomies

The 2019 GAAP Financial Reporting Taxonomy contains updates for accounting standards and other recommended improvements. The 2019 SRT contains updates for the SEC’s authoritative literature in which the underlying recognition and measurement are not specified by GAAP and dimensional elements whose underlying recognition and measurement are not specified by GAAP but that are elements used by GAAP filers.


Proposed Updates to 2020 US GAAP Financial Reporting Taxonomy

The Financial Accounting Standards Board (FASB) has published the following Proposed Accounting Standards Updates for public comment: 1) Investments—Equity Securities (Topic 321), Investments—Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815): Clarifying the Interactions between Topic 321, Topic 323, and Topic 815 and the related release notes. The proposed taxonomy improvements include adding an […more]


FASB Chair Golden to Keynote Investor Forum 2019: Driving Actionable Analytics, Nov 4, New York

Topics to be covered include blockchain, artificial intelligence, new reporting domains like municipal securities reporting, and more.


FASB Taxonomy – Calls for Comment

Thursday, May 23, 2019 - Friday, June 28, 2019
Proposed Taxonomy Improvements for Proposed Accounting Standards Update Public Review hosted by FASB
Disclosure Update and Simplification Initiative

Process Improvement Effective January 1, 2018, proposed Taxonomy Improvements to this Accounting Standards Update will have a formal comment period concurrent with the issuance of the Accounting Standards Update. This replaces the past practice of an annual 60-day comment period on the entire Taxonomy. FASB Staff Issues Proposed Taxonomy Improvements for a Proposed Accounting Standards […more]


FASB Taxonomy – Call for Comment: Income Taxes (Topic 740)

Tuesday, April 30 - Friday, May 31, 2019
Proposed Taxonomy Improvements for Proposed Accounting Standards Update Public Review hosted by FASB
Income Taxes (Topic 740)

Process Improvement Effective January 1, 2018, proposed Taxonomy Improvements to this Accounting Standards Update will have a formal comment period concurrent with the issuance of the Accounting Standards Update. This replaces the past practice of an annual 60-day comment period on the entire Taxonomy. FASB Staff Issues Proposed Taxonomy Improvements for a Proposed Accounting Standards […more]


FASB FAQ updated for 2019 US GAAP

The Financial Accounting Standards Board (FASB) Staff recently issued an update to the Frequently Asked Questions about the U.S. GAAP Financial Reporting Taxonomy (FAQ) to include new guidance for preparers on addressing the deprecation of the “Report Date [Axis]” (CreationDateAxis) with the 2019 Taxonomy Update. The FAQ is available on the FASB website.


FASB IN FOCUS: 2019 and SEC Reporting Taxonomy Improvements and SEC Update

1PM EDT Thursday, April 4, 2019
FASB Webinar hosted by FASB
Register for this Free Event

Topics of discussion will include: An update from the SEC staff Discussion of the application of the Taxonomy for Accounting Standards Updates (ASUs) that are effective this year: Leases Share-Based Compensation Improvements to the 2019 Taxonomy for: New ASUs Revenue Implementation Guides including an Inline XBRL version for select guides. Speakers: Louis Matherne, FASB Chief […more]


FASB Taxonomy – Calls for Comment

Thursday, February 14, 2019 - Tuesday, April 30, 2019
Proposed Taxonomy Improvements for Proposed Accounting Standards Update Public Review hosted by FASB
Financial Instruments—Credit Losses (March 8)

Process Improvement Effective January 1, 2018, proposed Taxonomy Improvements to this Accounting Standards Update will have a formal comment period concurrent with the issuance of the Accounting Standards Update. This replaces the past practice of an annual 60-day comment period on the entire Taxonomy. FASB Staff Issues Proposed Taxonomy Improvements for Proposed Accounting Standards Updates […more]


FASB Taxonomy – Calls for Comment

Wednesday, December 19, 2018 - Tuesday, February 19, 2019
Proposed Taxonomy Improvements for Proposed Accounting Standards Update Public Review hosted by FASB
Read the Release Notes

Process Improvement Effective January 1, 2018, proposed Taxonomy Improvements to this Accounting Standards Update will have a formal comment period concurrent with the issuance of the Accounting Standards Update. This replaces the past practice of an annual 60-day comment period on the entire Taxonomy. FASB Staff Issues Proposed Taxonomy Improvements for Proposed Accounting Standards Updates […more]