Accounting & reporting

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

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

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.

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.

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

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