Accounting & reporting news and resources

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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.

March 30, 2016

FASB issues standard to simplify share-based payment accounting

The standard includes changes that apply to all organizations, plus some simplifications that apply just to private companies.

March 28, 2016

The new revenue recognition standard in plain English

This column lists the five basics you need to know about the standard.

March 24, 2016

GASB implementation guidance addresses issues with recent standards

GASB issued implementation guidance that is intended to clarify, explain, or elaborate on recent standards issued for state and local government financial reporting.

March 17, 2016

FASB issues update clarifying revenue recognition issue

FASB issued an Accounting Standards Update that clarifies how to apply revenue recognition guidance related to whether an entity is a principal or an agent.

March 16, 2016

FASB simplifies transition to equity method of accounting

Through its simplification initiative, FASB is identifying areas of GAAP where complexity can be reduced without sacrificing the usefulness of information provided in financial statements.

March 14, 2016

FASB clarifies embedded derivative standards

The Financial Accounting Standards Board clarified accounting for embedded derivatives in an accounting standard.

March 10, 2016

FASB addresses breakage recognition, derivative contract novations

FASB issued financial reporting standards that address recognition of breakage for prepaid stored-value products and the effects of derivative contract novations on existing hedge accounting relationships.

March 7, 2016

FASB eliminates effective dates for private company alternatives

FASB issued a standard that eliminates the effective dates of the four private company financial reporting alternatives, making the alternatives more accessible.

March 1, 2016

Private company alternatives to become more accessible

Effective dates to be removed from PCC-originated standards.

March 1, 2016

IASB issues leases standard; FASB to follow

Convergence project puts more leases on books.

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.