FASB Newsletter - January 2016

January 2016

2015 Accounting Year in Review

During 2015 the Financial Accounting Standards Board (FASB) made progress on several major, long-term projects, while also issuing guidance to resolve known practice issues. The following Accounting Year in Review letter from BDO summarizes the year’s most significant changes in guidance and what to expect in 2016. Also included is a comprehensive list of the effective dates for recently-issued accounting standards in the appendix.