About the Conference

This co-sponsored conference will provide a forum for the presentation of academic research studies that produce insights into whether the FASB and/or IASB standards on revenue recognition (Topic 606 and IFRS 15), leases (Topic 842 and IFRS 16), and financial instruments (Topic 326 and IFRS 9) have: (i) accomplished their stated objectives, (ii) provided benefits to users of financial information, (iii) resulted in unexpected implementation or continuing application costs, or (iv) given rise to unexpected economic consequences. Research that examines the impact of similarities or differences between US GAAP and IFRS Standards in these areas is also appropriate.

Accounting for an
Ever-Changing World

A Joint Conference of the Financial Accounting Standards Board (FASB), the International Accounting Standards Board (IASB), and The Accounting Review ( TAR)

Financial Accounting Standards Board (FASB)

Established in 1973, the Financial Accounting Standards Board (FASB) is the independent, private-sector, not-for-profit organization based in Norwalk, Connecticut, that establishes financial accounting and reporting standards for public and private companies and not-for-profit organizations that follow U.S. Generally Accepted Accounting Principles (GAAP).

The FASB conducts a Post-Implementation Review (PIR) of most major standards to evaluate whether the standard is achieving its objective by providing financial statement users with relevant information in ways that justify the cost of providing it. The PIR process is an important quality control mechanism built into FASB’s standard-setting process and academic research is an important input into the PIR process. More information about the PIR process is available on the PIR landing page . Information pertaining to the use of academic research in standard setting and links to resources that might be of particular interest to the academic community are available on the Academic landing page .

Currently, the FASB is engaged in post-implementation reviews of the standards among the topics of the Accounting for an Ever-Changing World conference. Following are links to FASB resources that may be of interest to those undertaking research related to these topic areas.

Topic 606 Revenue from Contracts with Customers
Implementation Webpage
PIR Webpage
Webinar for Academics

Topic 842 Leases
Implementation Webpage
PIR Webpage
Webinar for Academics

Topic 326 Financial Instruments – Credit Losses
Implementation Webpage
PIR Webpage
Webinar for Academics

XBRL in Academic Research: A Workshop on How to Pull XBRL Data

If you have any questions, please email the FASB Post-Doctoral Fellow at academics@FASB.org