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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

GASB proposal addresses various practice issues

A GASB proposal would provide guidance addressing a multitude of issues that have arisen in state and local government financial reporting.

September 22, 2016

FASB proposes shortening amortization period for certain debt securities

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

September 19, 2016

FASB proposes additional revenue recognition corrections

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

September 8, 2016

FASB proposes targeted changes to hedge accounting rules

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

September 1, 2016

FASB releases proposed 2017 GAAP taxonomy

The taxonomy allows companies to apply computer-readable tags to thousands of pieces of financial data that are included in financial reports.

September 1, 2016

AICPA seeks comment on industry-specific revenue recognition advice

9 industries are included in the second round of working drafts.

September 1, 2016

SEC proposes updating disclosure requirements

The commission seeks to eliminate outdated and unnecessary provisions.

FROM THIS MONTH'S ISSUE

How to replace running totals in Excel

Accountants routinely copy down formulas in Excel to track cumulative balances, such as cash flow and retained earnings, but there is a better way. This JofA Technology Q&A article shows the way with step-by-step instructions and a video walkthrough.