FASB Standard Setter Update: 2016 Edition
This paper provides an overview of proposed and final standards issued by the Financial Accounting Standards Board (FASB) in 2016, along with standards effective for fiscal years beginning on or after December 15, 2015. The paper is structured by affected entities or industries, including standards applicable to private companies and not-for-profit entities, narrow industries and all FASB-regulated public and nonpublic entities. Also included is a brief overview of projects on FASB’s current agenda. The paper does not include activities by the U.S. Securities and Exchange Commission and Public Company Accounting Oversight Board.