The public asked and U.S. accounting rulemakers listened. Accounting for cryptocurrency, financial instruments tied to environmental or social performance targets, government grants, intangible assets, and improvements to hedge accounting will all earn spots on the Financial Accounting Standards Board’s research agenda, the board agreed on Wednesday.
There’s no guarantee FASB will actually take action on these topics, but the board took the important step of agreeing to research them. FASB plans to come back in 2022 to figure out a detailed plan and a timeline to determine if and when to tackle these issues.
While FASB singled out several high-profile ...