Accounting & reporting news and resources

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September 1, 2016

FASB moves to amend consolidation guidance

The proposal would change handling of variable-interest entities.

August 31, 2016

SEC plans to make exhibits in filings easier to access

The proposal is designed to make it easier for readers to locate exhibits referenced in those filings.

August 26, 2016

FASB seeks uniformity in cash flow presentation

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

August 26, 2016

SEC asks for comments on disclosure simplification

The SEC invited input on certain disclosure requirements related to management, certain security holders, and corporate governance matters.

August 23, 2016

GASB’s pollution remediation reporting standard meets objective, review finds

GASB’s rules for reporting on pollution mediation obligations provide for consistent, timely and complete reporting, according to a review.

August 23, 2016

Tips for implementing FASB’s not-for-profit standard

FASB recently issued its first major change to not-for-profit accounting standards since 1993. Here are tips for implementing the new standard.

August 18, 2016

Broker-dealer audit concerns remain high for PCAOB

PCAOB inspectors found deficiencies in 77% of the audits of broker-dealers they reviewed in 2015.

August 18, 2016

FASB modifies not-for-profit accounting rules

FASB’s new accounting standard is designed to help not-for-profits tell their story through their financial statements.

August 11, 2016

FASB proposes concepts for financial statement presentation

FASB issued a proposal that would establish a set of concepts for how recognized items should be presented in a financial statement.

August 8, 2016

How not-for-profits can stay strong amid uncertainty

Finance leaders offer suggestions for staying strong in these challenging times.

August 4, 2016

What should FASB work on next?

FASB is seeking feedback on which financial reporting and accounting issues it should add to its agenda for potential standard setting.

August 3, 2016

FASB proposes clarifying consolidation guidance for not-for-profits

FASB issued a proposal that is designed to clarify when a not-for-profit entity that is a general partner should consolidate a for-profit limited partnership or similar entity.

August 1, 2016

Telecom revenue recognition issues explored in FinREC drafts

The AICPA Financial Reporting Executive Committee (FinREC) has issued two new working drafts related to implementation issues for telecommunications entities regarding the new revenue recognition standard.

August 1, 2016

OPEB accounting tips for preparers

Here’s how to book a fairly stated liability under new GASB standards.

August 1, 2016

New revenue standards may change compensation arrangements

Companies are figuring out how to adapt.

August 1, 2016

Getting familiar with OPEB

GASB’s new accounting standards for other postemployment benefits (OPEB) are significantly different from previous standards for state and local governments.

August 1, 2016

FASB requires earlier reporting of credit losses

A change to the expected-loss method is designed to align accounting with the economics of lending.

August 1, 2016

FASB proposes clarification in derecognition guidance

The board is midway through a larger project.

August 1, 2016

FASAB seeks transparency on government tax expenditures

The proposed standard is intended to improve transparency for users.

August 1, 2016

SEC to accept Inline XBRL format

The technology helps companies integrate data into their HTML filings.

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.