FASB Standard-Setting Update ~ April 2013

FASB Standard-Setting Update ~ April 2013

Blog Focus on Accounting, Audit Committees and the Law

Randy McClanahan of Johnston Barton Procter & Rose LLP in Birmingham, Alabama, provided his latest Summary of Current FASB Developments at the recent meeting of the ABA Business Law Section Law and Accounting Committee in Washington. Randy’s summary discusses major standard-setting projects on the FASB’s agenda this year, including lease accounting, recognition and measurement of financial instruments, and revenue recognition.