FASB on Thursday issued a proposed new chapter of its Conceptual Framework related to the measurement of items recognized in financial statements. If finalized by FASB, the proposed chapter, Chapter 6 ...

"The publication of Chapter 6 completes the FASB's Conceptual Framework — an important tool used by the Board in our decisions," said FASB chair Richard Jones in a statement. "We thank the FASB ...

Conceptual Framework for Financial Reporting, sets recognition and derecognition criteria and guidance on when an item should be incorporated into and removed from financial statements, according to a ...