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December 1, 2018

FASAB proposal seeks clearer materiality guidance

The exposure draft includes specific questions.

December 1, 2018

FASB permits new benchmark rate for hedge accounting

The list of permissible interest rates expands to 5.

December 1, 2018

SEC proposes clarifying broker-dealer exemption

The change corrects a 2013 error.

November 29, 2018

8 things to know about lease accounting implementation

Here are some things that company finance departments may wish to keep in mind as the lease accounting standard takes effect at the beginning of next year for public companies.

November 19, 2018

FASB proposes narrow-scope financial instruments accounting changes

FASB proposed clarifications and changes to its recently issued accounting standards on credit losses, hedging, and recognition and measurement.

November 19, 2018

Proposed guidance published on inventory valuation

The AICPA Financial Reporting Executive Committee (FinREC) published a working draft on inventory valuation and is seeking comments on the draft.

November 15, 2018

FASB alters transition requirements, scope of credit losses standard

FASB changed the transition requirements and clarified the scope of its standard on accounting for credit losses, which was issued in 2016.

November 8, 2018

FASB staff paper assists with franchise fee recognition

A new FASB staff paper provides information to private company franchisors as they decide how to recognize certain franchise fees under the new revenue recognition standard.

November 8, 2018

Revenue recognition tilts toward modified transition approach

A majority of S&P 500 companies chose the simplicity of the modified retrospective transition for their revenue recognition standard implementation, a new white paper shows.

November 7, 2018

SASB publishes industry-specific sustainability accounting standards

New industry-specific sustainability accounting standards published by the Sustainability Accounting Standards Board are designed to help investors and companies make informed decisions about long-term value.

November 7, 2018

FASB proposal addresses accounting for TV series

FASB issued a proposal that would align the accounting for production costs of an episodic TV series with the accounting for films.

November 5, 2018

FASB clarifies collaborative arrangement accounting rules

In a new standard, FASB clarified the interaction between the guidance for certain collaborative arrangements and the revenue recognition standard.

November 1, 2018

It’s crunch time for private companies on revenue recognition

Here’s what company leaders need to know about an implementation job that may be arduous.

November 1, 2018

FinREC issues working draft on multiemployer benefit plans

A proposed chapter will be added to an AICPA Audit and Accounting Guide.

November 1, 2018

FASAB committee proposal would withdraw inter-entity cost guidance

Lease accounting rules for federal entities also were clarified.

November 1, 2018

Tips for NFP internal reports

When preparing internal financial reports, not-for-profits need to provide the board with the proper information to perform its oversight duties.

November 1, 2018

FASB takes big steps on disclosure effectiveness

The board also addressed concerns about its standard on credit losses.

October 31, 2018

FASB expands private company consolidation relief

FASB expanded an accounting alternative for private companies and changed the rules for all entities for deciding whether a decision-making fee is a variable interest.

October 31, 2018

IASB clarifies definition of ‘material’

The IASB revised its definition of “material” in an effort to make it easier for companies to decide which information is important enough to include in their financial statements.

October 30, 2018

FinREC issues working draft on credit loss issue

The AICPA Financial Reporting Executive Committee (FinREC) issued a working draft of an accounting issue related to the implementation of FASB’s new standard on accounting for credit losses.

FROM THIS MONTH'S ISSUE

Tax-efficient drawdown strategies in retirement

Want to stretch retirement funds and avoid tax pitfalls? This article shares tips and models for smarter drawdown strategies that maximize after-tax wealth, manage Social Security and Medicare impacts, and minimize surprises. Also see: Tax season preview and quick guide.