US Accounting Standard-Setter Floats Batch of Clarifications

Public, private, and nonprofit businesses could receive greater clarity on topics ranging from comparative financial statement requirements to real estate guidance under a new accounting proposal from the US standard-setting board.

The Financial Accounting Standards Board asked for public input Wednesday on its draft plan suggesting amendments to more than 30 issues in accounting guidance. This includes updates such as better explaining how to calculate diluted earnings per share when a business has a loss from continuing operations and has a contract that could be settled in stock or cash.

The proposed improvements aren’t expected to significantly affect current accounting ...