Banks, Others Would Get Cost Relief Under Proposed Accounting Changes to Facilitate LIBOR Phaseout
By Denise Lugo U.S. companies that have to adjust millions of contracts to facilitate the effects of the shift from …
Codification Updated To Reflect SEC’s Simplified Disclosure Rules, Modernized Investment Company Reporting
The FASB has updated the SEC portion of its codification literature to reflect changes the regulator made to simplify disclosures, …
Final Rules Tackling LIBOR Phaseout to Be Issued by Early 2020
The FASB plans to issue final rules either later this year or the first quarter of 2020 to facilitate the …
Companies Getting Simpler Rules for Determining Liabilities From Equity
The FASB will issue a proposal in August to make targeted changes on the accounting for distinguishing liabilities from equity, …
‘Post-Effective Date Review’ Starting This Year for Revenue and Lease Standards
The FASB plans to start its “post-effective date review” in 2019 on new accounting standards for revenue and leasing, to …
Companies to Get Narrower Convertible Debt Model in Upcoming Proposed Rules
The FASB plans to reduce the accounting model for convertible debt from five to one or two models. The change …
Survey Shows Investors’ Mixed Views on Credit Losses Standard
The FASB has heard plenty of complaints from banks about its new credit losses accounting standard, but now some dissatisfied …
Lawmakers, Bankers Turn up Heat on Credit Losses Standard
Lawmakers and bankers at a House subcommittee hearing repeated criticisms about the FASB’s much-watched credit losses standard, saying the rules …
Minor Changes to Leases Standard to be Proposed in Early 2019
The FASB by early 2019 plans to release for public comment two minor changes to its lease accounting standard dealing …
Update Gives Credit Unions, Community Banks Until 2022 to Follow New Credit Losses Standard
The FASB published an update to U.S. GAAP to clarify its new accounting standard requiring earlier recognition of credit losses …