A new working draft issued by the AICPA Financial Reporting Executive Committee addresses a consideration for broker-dealers related to FASB’s new revenue recognition standard.
Companies may initially have difficulty determining the effects of the new federal tax law on their income tax reporting.
Broker-dealer and telecommunications issues are addressed.
Organizations need to consider several factors as they implement new FASB rules — and it’s smart to start that work promptly.
An expert panel addressed 3 issues for health care entities.
FASB updated the US GAAP definition in 2013.
The AICPA issued a new working draft that discusses helpful considerations for broker-dealers implementing FASB’s new revenue recognition standard.
The FASAB issued a proposal that’s designed to protect national security information from being disclosed in publicly issued financial reporting by federal agencies.
FASB superseded guidance for US steamship entities because a 25-year limit has expired, making the guidance irrelevant.
Time is running short in the revenue recognition implementation effort as public companies must adopt FASB’s new standard at the beginning of 2018.
Changes and proposed changes to FASB’s new lease accounting standard that were announced last week addressed financial statement preparers’ most pressing implementation concerns.
Working drafts for a total of five revenue recognition implementation issues in four industries were exposed by the AICPA Financial Reporting Executive Committee.
Repetition and immaterial disclosures will be discouraged.
Five principles can help prevent, detect, or correct the most frequent securities law violations adjudicated by the SEC.
The board also issued several exposure drafts.
The positions will begin in the summer or fall of 2018.
FASB decided to simplify implementation of its new lease accounting standard in an effort to reduce costs and decrease challenges for financial statement preparers.
Here are some things financial statement preparers should keep in mind when implementing FASB’s lease accounting standard
In an effort to simplify its Accounting Standards Codification, FASB has combined its guidance for income statements and comprehensive income into one topic.
James Kroeker was reappointed as FASB’s vice chairman, the Financial Accounting Foundation Board of Trustees announced.