FASB issued a proposal that would clarify how its new leases standard should be applied to land easements.
Accounting and Financial Reporting
The Federal Accounting Standards Advisory Board issued a new statement that establishes foundational concepts for federal agencies’ financial reporting.
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.
A proposed omnibus SSARS proposes new requirements and guidance that address international reporting issues for compilations and reviews.
An IASB exposure draft seeks to clarify the distinction between accounting estimates and accounting policies.
The proposed 2018 GAAP Financial Reporting Taxonomy and the proposed 2018 Shared Reporting Taxonomy were released for public comment by FASB.
FASAB's proposed rules would revise current standards for federal agencies to provide for recognition of inter-entity costs by business-type activities.
FASB standard provides relief for private companies facing challenges completing hedge documentation in a timely manner.
Revenue recognition issues related to seven industries were exposed for public comment by the AICPA FinREC.
The objective is to reduce cost and complexity.
The committee seeks feedback on guidance for 4 industries.
Providing the correct answers to complex questions requires technical competence and scrupulous honesty, according to Michael Fehrman, CPA, head of the Accounting Policy and Advisory Group–Americas at Deutsche Bank.
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.
IFRIC 23 adds to the requirements of IAS 12.
Investors said accounting rules made hedge accounting less understandable.