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November 18, 2016

FASB aims for consistency in modification accounting

FASB has proposed guidance that would describe when changes to the terms of share-based payments require financial statement preparers to apply modification accounting.

November 17, 2016

FASB seeks uniformity in reporting on restricted cash

FASB issued Accounting Standards Update No. 2016-18, addressing the classification and presentation of restricted cash and restricted cash equivalents.

November 15, 2016

2 new members appointed to FASB as Golden remains chairman

Marsha Hunt and Harold Monk will join the Financial Accounting Standards Board for five-year terms.

November 15, 2016

White to leave SEC chair post in January

Mary Jo White plans to depart her position as Securities and Exchange Commission chair in January, when Barack Obama’s second term as president ends.

November 4, 2016

FASB proposes new guidance for service concession arrangements

FASB proposed guidance designed to eliminate diversity in practice in how operating entities determine who is the customer in service concession arrangements.

November 1, 2016

AICPA issues another round of revenue recognition working drafts

The AICPA Financial Reporting Executive Committee (FinREC) issued new working drafts addressing issues that broker-dealers and depository and lending institutions face related to FASB’s new revenue recognition standard.

November 1, 2016

FASB proposes targeted changes to hedge accounting rules

The board aims to simplify application while addressing concerns.

November 1, 2016

SEC asks for comments on disclosure simplification

The commission aims to modernize requirements.

November 1, 2016

SEC plans to require new hyperlinks in filings

The proposal is intended to make exhibits more accessible.

November 1, 2016

FASB issues standard on classification of cash payments and receipts

Uniformity sought in cash flow presentation.

November 1, 2016

Audit committees voluntarily disclosing more about auditor oversight

More audit committees are voluntarily disclosing information in proxy statements about their oversight of external auditors, including auditor appointment and audit partner rotation, according to a new analysis.

October 27, 2016

FASB proposes technical correction to not-for-profit standard

Under the proposal, FASB would clarify the minimum requirements for the reconciliation that a not-for-profit entity is required to disclose if it has endowment funds.

October 26, 2016

FASB amends guidance for consolidating VIEs

FASB issued a financial reporting standard that changes financial reporting rules for consolidating variable-interest entities.

October 24, 2016

FASB simplifies financial reporting for income taxes

The standard is designed to simplify the financial reporting for the income tax consequences of intra-entity transfers other than inventory.

October 24, 2016

8 technical questions and answers for investment companies

Eight technical questions and answers for investment company accounting have been issued by the AICPA Investment Companies Expert Panel and are available in TIS Section 6910, Investment Companies.

October 18, 2016

GASB proposes OPEB implementation guidance

GASB would provide answers to more than 150 questions about other post-employment benefit (OPEB) plan accounting in a newly proposed implementation guide.

October 4, 2016

AICPA issues more revenue recognition working drafts

New working drafts issued by the AICPA Financial Reporting Executive Committee address issues related to implementation of FASB’s new revenue recognition standard.

October 1, 2016

Stress-free implementation

Financial statement preparers are busy implementing new accounting standards for revenue recognition, leases, and credit losses. Here are tips from experts on how to handle the transition without getting overwhelmed.

October 1, 2016

FinREC explores telecom revenue recognition issues ahead of new standard

An AICPA committee seeks feedback on nonauthoritative drafts.

October 1, 2016

FASB proposes new and revised income tax disclosures

The change would build on the board’s disclosure framework.

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