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March 4, 2019

FASB proposes guidance for measuring share-based payments to customers

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

March 1, 2019

FASAB proposes eliminating RSSI, updating lease references

FASAB has proposed eliminating the required supplementary stewardship information (RSSI) category and updating references to leases in multiple places in its accounting standards for federal government entities.

March 1, 2019

FASB proposes extending 2 GAAP alternatives to not-for-profits

Private company exceptions may see wider use.

March 1, 2019

Mastering accounting for business combinations

Finance has a pivotal role to play in facilitating a successful acquisition or merger — and in performing the challenging accounting associated with a business combination.

March 1, 2019

FASB works to ease lessor accounting challenges

Tweaks and updates addressed implementation challenges.

March 1, 2019

Private company GAAP alternatives: It’s not too late

The elimination of the effective date for FASB’s private company GAAP alternatives means it’s never too late to take advantage of these accounting simplifications. Each alternative may offer substantial relief and cost savings for private companies as they perform their accounting.

February 28, 2019

GASB issues proposed lease accounting implementation guide

GASB issued a proposed implementation guide that is designed to help state and local governments understand the board’s new standard on lease accounting.

February 14, 2019

FASB addresses deferred revenue in business combinations

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

February 11, 2019

Finding value in revenue recognition implementation

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.

February 6, 2019

FASB proposes transition relief for credit losses standard

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.

February 1, 2019

FASB alters transition requirements, scope of credit losses standard

FASB amended its standard on accounting for credit losses, changing the transition requirements and clarifying the scope of the standard.

February 1, 2019

Simplifying adoption of NFP financial reporting standard

Tax-exempt organizations are working through the biggest change to not-for-profit financial reporting in 25 years. Smaller organizations with limited resources can smoothly implement FASB’s new rules by following some best practices.

February 1, 2019

FinREC proposes guidance on inventory valuation

Comments are sought on nonauthoritative guidance.

February 1, 2019

FASB proposes narrow-scope financial instruments accounting changes

No significant effects on accounting practice are expected.

January 7, 2019

AICPA publishes broker-dealer working draft

The AICPA Financial Reporting Executive Committee has published a working draft of an illustrative note to financial statements of SEC-registered broker-dealers.

January 7, 2019

What CPAs need to know about 4 cryptoasset classes

This article breaks down cryptoassets into four categories.

January 4, 2019

Changes related to peer review proposed for UAA

The National Association of State Boards of Accountancy (NASBA) is proposing changes to the Uniform Accountancy Act (UAA) Model Rules related to peer review programs.

January 3, 2019

GASB proposes implementation guide for fiduciary activities standard

GASB published a proposed implementation guide that provides questions and answers about the board’s new standards for state and local government accounting and financial reporting for fiduciary activities.

January 1, 2019

IASB clarifies definition of ‘material’

The objective is to make it easier for companies to make judgments.

January 1, 2019

FASB proposal addresses accounting for TV series

Alignment with capitalization rules for films is sought.

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