The commission aims to modernize requirements.
The proposal is intended to make exhibits more accessible.
The board aims to simplify application while addressing concerns.
Uniformity sought in cash flow presentation.
Under the proposal, FASB would clarify the minimum requirements for the reconciliation that a not-for-profit entity is required to disclose if it has endowment funds.
FASB issued a financial reporting standard that changes financial reporting rules for consolidating variable-interest entities.
The standard is designed to simplify the financial reporting for the income tax consequences of intra-entity transfers other than inventory.
Eight technical questions and answers for investment company accounting have been issued by the AICPA Investment Companies Expert Panel and are available in TIS Section 6910, Investment Companies.
GASB would provide answers to more than 150 questions about other post-employment benefit (OPEB) plan accounting in a newly proposed implementation guide.
New working drafts issued by the AICPA Financial Reporting Executive Committee address issues related to implementation of FASB’s new revenue recognition standard.
A proposal would require more detailed disclosures and eliminate redundancy.
Intangible assets and pensions are among the topics.
The change would build on the board's disclosure framework.
The new standard changes net asset classifications and liquidity disclosures.
A proposal addresses for-profit limited partnerships.
An AICPA committee seeks feedback on nonauthoritative drafts.
A proposal would guide the board's decisions.
Financial statement preparers are busy implementing new accounting standards for revenue recognition, leases, and credit losses. Here are tips from experts on how to handle the transition without getting overwhelmed.
Deputy serves as Schnurr recovers from bicycle crash.
FASB issued a proposal that would change accounting rules for insurance companies that issue long-duration contracts such as life insurance, disability income, long-term care, and annuities.