Financial Accounting Standards Board Launches Website Portal for Nonpublic Entities

Monday, July 11, 2011 Print Email

The Financial Accounting Standards Board (FASB) today announced the launch of its new web portal for nonpublic entities. The portal is designed to make the latest information about FASB activities focused on private companies and not-for-profit organizations easily accessible to stakeholders.

“Our launch of the Nonpublic Entities web portal is the latest in the series of changes in staffing, processes, communication, and outreach efforts that the FASB has been making to better serve the private company and not-for-profit sectors,” stated FASB member Daryl Buck. “This portal will help those constituents more easily find and stay informed about the FASB’s activities involving those sectors.”

The new web portal serves as a clearinghouse for information, resources, and links related to FASB projects of relevance to nonpublic entity stakeholders. It includes updates on recent decisions on FASB projects, as well as updates on upcoming meetings, outreach efforts, nonpublic entity webcasts, and recent meeting minutes.

In addition to offering “one-stop shopping” for FASB activities in the nonpublic entity arena, the web portal also links users directly to information about the Financial Accounting Foundation (FAF) initiative on nonpublic entities. This includes progress made by the FAF Trustee Working Group on its initiative to improve financial reporting for nonpublic entities.

The FASB nonpublic entities website portal can be accessed at www.fasb.org.

Source: FASB
Quote Jerry, 28 March, 2022
In the world of business and management accounts, there are three critical financial statements: profit and loss (or income) statement, cash flow statement, and balance sheet. Together these documents provide valuable numbers that will help you track your company’s performance over time and give a snapshot into how successful or not it is doing financially at any given moment in time.
Numbers can represent many things, but they always tell the story of what’s going on with your business. And these data point to some significant trends: You’re growing steadily and consistently meet all forecasts – even those that were too optimistic. These numbers show us something new; how we spend our money matters both in terms of costs versus revenue and which areas need improvement if anything else is changed about them financially or otherwise.
https://www.naseems.co.uk/management-accounts/

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