Accounting August 23, 2023
FASB Approves New Accounting Rules for Joint Ventures
The ASU, issued by the FASB on Aug. 23, provides specific guidance on the accounting for joint venture formations.
Accounting August 1, 2023
FASB Seeks Public Comment on Proposal to Improve Disclosures around Income Statement Expenses
The proposed ASU would require public companies to provide detailed disclosure of specified categories underlying certain expense captions in interim and annual periods.
Accounting June 30, 2023
IASB Seeks Input for Review of Accounting Standard on Revenue
The accounting standard was developed jointly with the U.S. Financial Accounting Standards Board and came into effect in 2018.
Accounting June 28, 2023
No Escape: How to Live with the New Lease Accounting Standards
While ASC 842, IFRS 16, and GASB 87 aren’t making anyone’s life easier, there are some exceptions to the rules.
Accounting June 27, 2023
FASB Plans Changes to Acquired Financial Asset Reporting
The proposal would eliminate the “double count” that occurs under current expected credit loss (CECL) accounting.
Accounting May 11, 2023
FASB Seeks to Add Guidance on Profits Interest Awards
Proposal would help companies determine whether these awards should be accounted for as a share-based payment arrangement.
Accounting May 2, 2023
FASB Updates Rules on Common-Control Leases
The guidance pertains to applying the leases standard to related party arrangements between entities under common control.
Accounting April 27, 2023
FAF is Now Allowing You to Tattle on the FASB and GASB
Stakeholders can flag for the Financial Accounting Foundation alleged due-process failures made by the FASB and GASB.
Accounting April 26, 2023
What You Need to Know about GASB 96
The most challenging part could be tracking down exactly which SBITAs your clients are using and under what licensing criteria.
Accounting April 18, 2023
U.S. and Japan Accounting Standard Setters Hold Biannual Meeting
This was the 32nd in a series of meetings between the FASB and the Accounting Standards Board of Japan.
Accounting April 14, 2023
FASB Issues New Accounting Rules for Investments in Tax Credit Structures
Reporting entities can now elect to account for qualifying tax equity investments using the proportional amortization method.
Auditing April 11, 2023
FASB to Host ‘Fireside Chat’ with FASB Chair Rich Jones, and PWC Vice Chair Wes Bricker
The conversation will highlight several interesting topics such as the Financial Data Transparency Act and its potential impact on corporate SEC registrants, the use of ...