FASB Accounting Year in Review
FASB Accounting Year in Review

Having recently completed several major long-term projects, the Financial Accounting Standards Board in 2017 shifted its attention to assisting stakeholders with implementing new standards and resolving practice issues.
Our year in review newsletter summarizes the year’s most significant changes in guidance, including:
- Clarifying the definition of a business
- Simplifying the goodwill impairment test
- Targeted improvements to hedge accounting requirements
- Simplifying the accounting for certain financial instruments with down round features
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