Accounting & reporting news and resources

FASB issued a proposal that is designed to eliminate diversity in the classification and presentation of changes in restricted cash on the statement of cash flows.

April 28, 2016

New guidance issued for federal public-private partnership disclosures

Federal agencies will be required to present disclosures about public-private partnerships in their general-purpose financial statements under new guidance issued by the FASAB.

April 27, 2016

FASB to draft final standard on credit losses

FASB voted to draft a standard that will require an expected-loss approach for reporting of credit losses on loans and other financial assets rather than an incurred-loss approach.

April 21, 2016

FASB proposes technical corrections and changes

FASB issued a proposal that would make technical corrections and minor changes to its guidance in response to suggestions from stakeholders.

April 14, 2016

FASB assists with licensing guidance, identifying performance obligations

FASB is updating an accounting standard to help preparers identify performance obligations and implement licensing guidance in accordance with the new revenue recognition standard.

April 13, 2016

SEC seeking input on disclosure effectiveness

The Securities and Exchange Commission voted to issue a concept release asking for comment on possible improvements to Regulation S-K.

April 11, 2016

GASB addresses pension accounting practice issues

GASB issued guidance to address practice issues encountered during implementation of its new pension accounting rules for state and local governments.

April 1, 2016

Bringing leases into view

New lease accounting standards issued by FASB and the International Accounting Standards Board will result in substantial changes in recognition and presentation on the balance sheet for lessees.

April 1, 2016

IASB requires disclosures about debt financing

The board responded to questions about changes in debt.

April 1, 2016

Federal reporting entities get alternative valuation method

FASAB guidance responds to Department of Defense needs.

April 1, 2016

Beware of disappearing revenue in an acquisition

An accounting rule could dramatically reduce a company’s revenue in periods after an acquisition.

April 1, 2016

FASB moves to standardize cash flow statements

The proposal addresses 8 issues for all entities.

April 1, 2016

FASB establishes priorities

Financial performance reporting is among the topics on the board’s agenda.

April 1, 2016

Guidance addresses software accounting for federal agencies

Changes in development bring changes in accounting.

April 1, 2016

Retirement benefit reporting is subject of proposals

Disclosure and reporting standards are up for comment.

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