Accounting & reporting

FASB issued new disclosure requirements for insurance companies that are designed to provide more information about liabilities related to short-duration contracts.

FASB issued a proposal that is intended to simplify accounting for adjustments made to provisional amounts recognized in a business combination.

An accounting standard FASB issued in 2007 to address ownership interests within a company’s subsidiary achieves its purpose but does have areas that might be improved, a review found.

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.