Accounting & reporting

FASB issued a proposal that would change accounting rules for insurance companies that issue long-duration contracts such as life insurance, disability income, long-term care, and annuities.

The FASB issued a proposal that would shorten the amortization period for callable debt securities purchased at a premium.

FASB’s efforts to clarify its new revenue recognition standard continued when the board proposed technical corrections and changes to the standard.

FASB issued proposed hedge accounting rules that are designed to enable a faithful representation of how an organization manages risk.

FASB issued new rules for presenting and classifying certain cash payments and cash receipts on the statement of cash flows.