March 30, 2016
Accounting for employee share-based awards was identified by the Private Company Council (PCC) as an area of concern among private company stakeholders. The PCC worked with the FASB to discuss and analyze the issues that private companies have ...
March 1, 2016
When the new lease accounting standard becomes effective, lessees will for the first time be required to report billions of dollars in leased assets and corresponding liabilities from operating leases on their balance sheets.
February 29, 2016
The Governmental Accounting Standards Board (GASB) has a new statement about how certain component units incorporated as not-for-profit corporations should be presented in the financial statements of the primary state or local government.
January 27, 2016
Under Generally Accepted Accounting Principles (GAAP), defined benefit pension cost and postretirement benefit cost (net benefit cost) comprise several components that reflect different aspects of an employer’s financial arrangements, as well as the ...
January 6, 2016
The ASU on recognition and measurement will take effect for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. For private companies, not-for-profit organizations, and employee ...
December 30, 2015
The proposals addressing fiduciary activities and certain asset retirement obligations would establish guidance in areas where little or none exists today.
December 30, 2015
The GAAP Financial Reporting Taxonomy is a list of computer-readable tags in eXtensible Business Reporting Language (XBRL) format that allows companies to tag precisely the thousands of pieces of financial data that are included in typical long-form ...
December 17, 2015
The Portfolios provide a detailed description of the five steps corporations will need to employ in recognizing revenue and offer practical insight to professionals within corporations responsible for implementing and complying with the new standard.
December 9, 2015
Deloitte’s contribution to SASB is both financial and services-based. The financial commitment is in the form of $1 million in direct financial support over the course of four years, while the services-based commitment consists of in-kind support to ...
October 8, 2015
The FASB has a project underway to improve accounting rules for financial instruments and is expected to issue a final standard in late 2015 to make targeted improvements to existing Generally Accepted Accounting Principles (GAAP).
October 6, 2015
Finance ministers for the G20 countries called on the OECD to develop the BEPS Action Plan to help nations align their corporate tax policies. This week, the OECD will present the plan to the G20 finance ministers in Lima, Peru.
September 30, 2015
The Financial Accounting Standards Board (FASB) has issued two exposure drafts related to its disclosure framework project. The public, including accounting professionals and other stakeholders, have until December 8, 2015, to review and comment on ...