FASB News
Editorial analysis of the latest FASB developments — ASUs, exposure drafts, standard amendments, and financial reporting guidance.
ASU Commodity Inventories Fair Value
FASB's May 27, 2026 board meeting produced final tentative decisions on the Accounting for Commodities project: banks and other Topic 942 entities will be able to elect fair value measurement for tangible commodity inventories on a per-commodity-type basis. The board directed staff to draft a proposed ASU with a 45-day comment period. A new project on mortgage servicing rights recapture was also added to the technical agenda.
27 May 2026
FASB May 2026: Topic 946 & 323 Projects
At its May 13, 2026 board meeting, FASB added two new projects scoped to investment companies under Topic 946: one on fair value measurement of equity securities subject to contractual sale restrictions, and one on private credit disclosures. The board also continued deliberations on targeted improvements to the equity method of accounting under Topic 323.
13 May 2026