FASB

Stocks continued their push higher today, as the Dow Jones Industrial Average spent much of the day above 8,000 before settling down a bit. When the closing bell rang, the DJIA had posted a gain of 216 points, or 2.8 percent, to finish at 7,978. World leaders at the Group of 20 meetings in London...

Investors tempted to sing "ding dong, mark-to-market accounting is dead" should probably hold their tongues. Some prominent experts argue that today's changes to the controversial valuation rule are no cause for celebration. The Financial Accounting Standards Board (FASB) folded like the Cowardly...

By caving into pressure from Wall Street, the Financial Accounting Standards Board (FASB) just single-handedly added at least 20 percent to the value of major banks burdened with formerly toxic waste. What just happened is that FASB passed an accounting ruling that allows the banks to decide the...

New guidance about how banks should show mortgage assets on their balance sheets will be released shortly. The key rule in question is the mark-to-market rule of the FASB (FAS 157) that became effective in 2007. Those in favor of this rule believe mark-to-market accounting provides vital insight...

The dire financial condition of the biggest U.S. banks has inspired a lot of talk about nationalization in recent weeks. It has also stoked a long-running argument over an accounting rule that governs how banks value their investments, including all the toxic mortgage-related bonds and derivatives...