FASB financial accounting & reporting

TOPICS / ACCOUNTING & REPORTING

March 4, 2019

FASB proposes guidance for measuring share-based payments to customers

A proposal issued by the Financial Accounting Standards Board would spell out how to measure share-based payments to a customer.

March 1, 2019

Mastering accounting for business combinations

Finance has a pivotal role to play in facilitating a successful acquisition or merger — and in performing the challenging accounting associated with a business combination.

March 1, 2019

FASB works to ease lessor accounting challenges

Tweaks and updates addressed implementation challenges.

February 14, 2019

FASB addresses deferred revenue in business combinations

FASB took a step forward in resolving challenges in its rules for recognizing and measuring deferred revenue in business combinations.

February 11, 2019

Finding value in revenue recognition implementation

The challenges associated with FASB’s new revenue recognition standard have been substantial for many companies, but at least they’re gaining valuable data and process improvements as a result of the implementation.

February 6, 2019

FASB proposes transition relief for credit losses standard

FASB proposed providing an option to measure certain types of assets at fair value, a change aimed at making the transition to its new credit losses standard easier.

February 1, 2019

FASB alters transition requirements, scope of credit losses standard

FASB amended its standard on accounting for credit losses, changing the transition requirements and clarifying the scope of the standard.

February 1, 2019

Simplifying adoption of NFP financial reporting standard

Tax-exempt organizations are working through the biggest change to not-for-profit financial reporting in 25 years. Smaller organizations with limited resources can smoothly implement FASB’s new rules by following some best practices.

February 1, 2019

FASB proposes narrow-scope financial instruments accounting changes

No significant effects on accounting practice are expected.

January 1, 2019

FASB proposal addresses accounting for TV series

Alignment with capitalization rules for films is sought.

January 1, 2019

FASB permits new benchmark rate for hedge accounting

The change takes effect alongside an Accounting Standards Update.

December 20, 2018

FASB proposes extending 2 GAAP alternatives to not-for-profits

Under a proposal issued by FASB, not-for-profits would be able to take advantage of the private company GAAP alternatives for accounting for goodwill and accounting for intangible assets in a business combination.

December 19, 2018

FASB proposal would address lessor implementation challenges

FASB proposed an accounting standard that would clarify how lessors should handle certain scenarios under the board’s new lease accounting standard.

December 18, 2018

GAAP, SEC taxonomies for 2019 are available

The taxonomies contain updates necessary for meeting GAAP and SEC requirements in financial reporting.

December 12, 2018

No delay in lease accounting standard effective date, Golden says

FASB will not delay the effective date of its new lease accounting standard, board Chairman Russell Golden said at the AICPA Conference on Current SEC and PCAOB Developments.

December 5, 2018

Simplifying implementation of FASB’s not-for-profit financial reporting standard

Smaller organizations with limited staff may have difficulty implementing FASB’s new standard on presentation of not-for-profit financial statements. These best practices can make the work easier.

December 1, 2018

FASB permits new benchmark rate for hedge accounting

The list of permissible interest rates expands to 5.

November 29, 2018

8 things to know about lease accounting implementation

Here are some things that company finance departments may wish to keep in mind as the lease accounting standard takes effect at the beginning of next year for public companies.

November 19, 2018

FASB proposes narrow-scope financial instruments accounting changes

FASB proposed clarifications and changes to its recently issued accounting standards on credit losses, hedging, and recognition and measurement.

November 19, 2018

Proposed guidance published on inventory valuation

The AICPA Financial Reporting Executive Committee (FinREC) published a working draft on inventory valuation and is seeking comments on the draft.

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