FASB financial accounting & reporting

Learn which software costs should be capitalized and which costs should be expensed when an entity builds external-use software using an agile development environment.

Companies are finding that FASB’s new hedge accounting guidance removes some of the barriers that had prevented them from taking advantage of hedging opportunities.

FASB issued a proposed Accounting Standards Update that would clarify the accounting for implementation costs related to a cloud-computing arrangement that is a service contract.

FASB issued technical corrections and improvements to its financial instruments standard on recognition and measurement of financial assets and liabilities that was originally issued in 2016.

FASB proposed adding a new U.S. benchmark interest rate to the list of rates permitted in the application of hedge accounting.

The AICPA Financial Reporting Executive Committee sought public comment on seven new revenue recognition implementation issues to be added to the AICPA’s revenue recognition guide.

The effective date for implementing FASB’s new lease accounting standard is still about one year away, but it will require additional resources and a team effort.

The change is expected to make adopting the leases standard easier for some land easements.

FASB proposed a new standard that is intended to help organizations reclassify certain income effects in accumulated other comprehensive income resulting from the Tax Cuts and Jobs Act.

A proposed FASB Accounting Standards Update seeks to ease the implementation of the new leases accounting standard.