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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.

October 1, 2016

SEC names Bricker interim chief accountant

Deputy serves as Schnurr recovers from bicycle crash.

October 1, 2016

FASB modifies not-for-profit accounting

The new standard changes net asset classifications and liquidity disclosures.

October 1, 2016

Not-for-profits could get FASB guidance on consolidation

A proposal addresses for-profit limited partnerships.

October 1, 2016

FASB accepting comments on what it should do next

Intangible assets and pensions are among the topics.

October 1, 2016

FASB lays foundation for standards on future cash flow

A proposal would guide the board’s decisions.

October 1, 2016

FASB addresses employee benefit plans and master trusts

A proposal would require more detailed disclosures and eliminate redundancy.

September 29, 2016

FASB proposes changes to long-duration contract reporting for insurance companies

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.

September 27, 2016

New lease accounting standard proposed for federal entities

A proposal issued by the FASAB would require federal lessees to recognize a lease liability and a leased asset at the beginning of a lease, unless it is an intragovernmental lease or a short-term lease.

September 26, 2016