FASB Accounting Standards Updates

FASB Accounting Standards Update 2025-12: Codification Improvements

The Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) 2025-12, which makes technical corrections and improvements to the FASB Accounting Standards Codification. This update aims to enhance clarity and consistency in accounting guidance.

Accounting Standards Update 2025-11: Interim Reporting Improvements

The Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) 2025-11, which provides narrow-scope improvements to interim reporting under Topic 270. This update aims to refine existing guidance without introducing significant new requirements.

ASU 2025-10: Government Grants Accounting for Business Entities

The FASB has issued ASU 2025-10, which provides new guidance on accounting for government grants received by business entities. This update introduces a new Topic 832 to the FASB Accounting Standards Codification, establishing a model for recognizing government grants. The guidance aims to align accounting practices for government grants with international standards.

Accounting Standards Update 2025-09: Hedge Accounting Improvements

The Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) 2025-09, which provides improvements to hedge accounting. This update aims to enhance the accounting for derivatives and hedging activities under Topic 815.

Accounting Standards Update 2025-08: Purchased Loans

The FASB has issued Accounting Standards Update 2025-08, amending Topic 326 (Credit Losses) concerning purchased loans. This update provides new guidance on accounting for credit losses on purchased loans, effective for fiscal years beginning after December 15, 2025.