Accounting & reporting

FASB addressed two lessor implementation issues and clarified an exemption for lessors and lessees from a certain interim disclosure requirement associated with adopting the board’s new lease accounting standard.

A proposal issued by the Financial Accounting Standards Board would spell out how to measure share-based payments to a customer.

FASB took a step forward in resolving challenges in its rules for recognizing and measuring deferred revenue in business combinations.

The challenges associated with FASB’s new revenue recognition standard have been substantial for many companies, but at least they’re gaining valuable data and process improvements as a result of the implementation.

FASB proposed providing an option to measure certain types of assets at fair value, a change aimed at making the transition to its new credit losses standard easier.