The board aims to equalize nonfinancial and financial hedging strategies.
U.S. compliance and reporting
Nine potential amendments are contained in the proposal, which would affect a wide variety of topics in the codification.
The AICPA Financial Reporting Executive Committee issued 20 working drafts on issues related to implementation of the new revenue recognition standard.
Informal comments will be accepted by email.
FASB proposed clarifications to separate standards issued in 2016 on accounting for financial instruments and lease accounting.
FASB issued a proposal that would clarify how its new leases standard should be applied to land easements.
FASB voted to work on developing accounting rules to address areas of distinguishing liabilities and equity, financial performance reporting, and segment reporting.
Amid concerns that financial reporting guidance for consolidation is difficult to understand and navigate, FASB proposed a reorganization of the rules.
The proposed 2018 GAAP Financial Reporting Taxonomy and the proposed 2018 Shared Reporting Taxonomy were released for public comment by FASB.
The committee seeks feedback on guidance for 4 industries.
Accounting rules for hedging are designed to be better aligned with a company’s risk management activities under a new standard issued by FASB.
The SEC has issued a staff accounting bulletin to bring its existing guidance into conformity with FASB’s new revenue recognition standard.
New rules proposed by FASB are designed to make it easier for organizations to decide if a transaction should be accounted for as a contribution or exchange.
Here’s what organizations need to consider as they implement the new FASB rules—and why it’s smart to start that work promptly.
The AICPA is seeking comment on issues to be included in its guide for implementation of FASB’s new revenue recognition standard.
Investors said accounting rules made hedge accounting less understandable.
Topic 952, Franchisors, is the first to be simplified in structure.
Asset management, gaming, and software are among the industries addressed.
Not-for-profits face their most significant financial reporting changes in more than 20 years as they implement FASB’s new standard.
FASB issued a new accounting standard simplifying the accounting for certain financial instruments with down round features.