The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) that improves financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and...
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June 22, 2016, 08:03 AM
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Independent Community Bankers of America® (ICBA) leadership said that recent public statements from Financial Accounting Standards Board (FASB) Chairman Russell Golden reflect a lack of understanding and disregard for community banks and a selective...
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December 18, 2015, 08:23 AM
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CFO reports private companies that adhere to U.S. generally accepted accounting principles (GAAP) will soon have more options when it comes to accounting for goodwill and for interest rate swaps. On Thursday Jan. 16, the Financial Accounting...
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January 21, 2014, 07:12 AM
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According to a Bloomberg report, banks’ loan-loss reserves may jump 50% under a proposed U.S. accounting-rule change that redefines how quickly firms must recognize bad debts, standard-setters said.
The report outlines how the proposed rule pushes...
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December 21, 2012, 07:14 AM
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