FASB proposes clarifying land easements guidance in leases standard
FASB issued a proposal that would clarify how its new leases standard should be applied to land easements.
Accounting Compliance and Reporting (US)
What’s next for FASB
FASB voted to work on developing accounting rules to address areas of distinguishing liabilities and equity, financial performance reporting, and segment reporting.
FASB proposes reorganizing consolidation guidance
Amid concerns that financial reporting guidance for consolidation is difficult to understand and navigate, FASB proposed a reorganization of the rules.
FASB releases proposed 2018 reporting taxonomies
The proposed 2018 GAAP Financial Reporting Taxonomy and the proposed 2018 Shared Reporting Taxonomy were released for public comment by FASB.
FinREC unveils another set of revenue recognition working drafts
The committee seeks feedback on guidance for 4 industries.
New FASB standard aims to simplify hedge accounting
Accounting rules for hedging are designed to be better aligned with a company’s risk management activities under a new standard issued by FASB.
SEC conforms staff guidance to new FASB revenue recognition rules
The SEC has issued a staff accounting bulletin to bring its existing guidance into conformity with FASB’s new revenue recognition standard.
FASB proposes changes to grant and contribution accounting
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.
Why lease accounting laggards face serious risks
Here’s what organizations need to consider as they implement the new FASB rules—and why it’s smart to start that work promptly.
AICPA issues working drafts for 3 revenue recognition issues
The AICPA is seeking comment on issues to be included in its guide for implementation of FASB’s new revenue recognition standard.
Hedging may get easier under new FASB accounting standard
Investors said accounting rules made hedge accounting less understandable.
FASB issues maintenance update for Accounting Standards Codification
Topic 952, Franchisors, is the first to be simplified in structure.
FinREC issues a dozen revenue recognition working drafts
Asset management, gaming, and software are among the industries addressed.
Tips from a not-for-profit standard early adopter
Not-for-profits face their most significant financial reporting changes in more than 20 years as they implement FASB’s new standard.
FASB simplifies accounting for certain financial instruments
FASB issued a new accounting standard simplifying the accounting for certain financial instruments with down round features.
FinREC unveils 4 more revenue recognition working drafts
FinREC is requesting feedback on four working drafts that provide industry-specific guidance for entities implementing FASB Accounting Standards Update No. 2014-09, Revenue From Contracts With Customers (Topic 606).
FASB issues new rules for service concession arrangements
he standard clarifies accounting for operating entities serving public-sector grantors.
FASB considers changes to GAAP taxonomy
The board issued an invitation to comment.
FASB issues update on share-based payment awards
New guidance on modification accounting addresses diversity in practice.
FinREC seeks comment on telecommunications revenue recognition issue
The committee is updating an industry-specific guide.
