Accounting & reporting

Changes to the revenue recognition standard proposed by FASB are designed to clarify guidance related to identifying performance obligations and licensing.

FASB issued a proposal addressing diversity in practice related to derecognizing liabilities related to certain unredeemed, prepaid cards.

FASB issued a proposed Accounting Standards Update that would delay the effective date of the new, converged revenue recognition standard by one year.

Three Accounting Standards Updates proposed by FASB seek to simplify accounting for employee benefit plans.

Not-for-profit financial statement preparers would experience significant changes in practice as a result of new standards proposed Wednesday by FASB.

FASB issued separate accounting standards Wednesday that are designed to simplify reporting of certain employer retirement obligations and assets, as well as provide explicit guidance about how to account for fees paid in a cloud-computing arrangement.

The standard requires that debt issuance costs not be classified as a deferred charge or deferred credit.