Accounting June 27, 2023
FASB Plans Changes to Acquired Financial Asset Reporting
The proposal would eliminate the “double count” that occurs under current expected credit loss (CECL) accounting.
Accounting May 11, 2023
FASB Seeks to Add Guidance on Profits Interest Awards
Proposal would help companies determine whether these awards should be accounted for as a share-based payment arrangement.
Accounting May 2, 2023
FASB Updates Rules on Common-Control Leases
The guidance pertains to applying the leases standard to related party arrangements between entities under common control.
Accounting April 27, 2023
FAF is Now Allowing You to Tattle on the FASB and GASB
Stakeholders can flag for the Financial Accounting Foundation alleged due-process failures made by the FASB and GASB.
Accounting April 26, 2023
What You Need to Know about GASB 96
The most challenging part could be tracking down exactly which SBITAs your clients are using and under what licensing criteria.
Accounting April 18, 2023
U.S. and Japan Accounting Standard Setters Hold Biannual Meeting
This was the 32nd in a series of meetings between the FASB and the Accounting Standards Board of Japan.
Accounting April 14, 2023
FASB Issues New Accounting Rules for Investments in Tax Credit Structures
Reporting entities can now elect to account for qualifying tax equity investments using the proportional amortization method.
Auditing April 11, 2023
FASB to Host ‘Fireside Chat’ with FASB Chair Rich Jones, and PWC Vice Chair Wes Bricker
The conversation will highlight several interesting topics such as the Financial Data Transparency Act and its potential impact on corporate SEC registrants, the use of ...
Accounting March 31, 2023
Financial Accounting Standards Advisory Council Meeting Recap
The FASB chair provided highlights on FASB activities, and the SEC and PCAOB staff members commented on current issues and activities.
Accounting March 24, 2023
FASB Issues Long-Awaited Exposure Draft on Crypto Asset Accounting
Board said fair value accounting was the right method for crypto assets, not the current cost-less-impairment model.
Accounting March 16, 2023
FASB Sets Out Plan to Improve Income Tax Disclosures
The proposed ASU addresses investor requests for more transparency about income tax information.
Accounting February 28, 2023
FAF Now Provides Unfettered Online Access to FASB, GASB Accounting Standards
As a result of this change, the former “Professional View” paid subscription service has been eliminated.