Oil and Gas Companies Will be Most Impacted by Inflation Reduction Act, Moody’s Says
Oil and gas companies will have to pay more taxes under the Inflation Reduction Act of 2022, according to accounting …
New FASB Crypto Accounting Rules Will Tackle Certain Fungible Tokens Deemed ‘Intangible Assets’
A new cryptocurrency accounting and disclosure standard will be scoped narrowly to address a subset of fungible “intangible assets” that …
Negative Impact of Credit Loss Accounting Standard on Buyers’ Earnings Biggest Concern About Rules
The FASB may need to study the credit loss accounting standard for better tailoring in relation to acquisitions because it …
How Long Will it Take to Develop Crypto Accounting Rules? FASB Isn’t the Problem
Speculation has bubbled up about how fast the FASB, the nation’s main accounting rulemaker, can move to issue new accounting …
Regulators Charge Eagle Bancorp, Ex-Chairman over Related-Party Loan Disclosure Failures
The SEC on Aug. 16, 2022, charged Eagle Bancorp, Inc. and its former Chairman and Chief Executive Officer Ronald Paul …
Inflation Reduction Act Inches Into FASB Waters Over Book Income Tax
The FASB, the nation’s main accounting rulemaker, could have congressional lobbyists nipping at its heels over a minimum tax rule …
U.S. Income Statement Accounting Rules Could Change to Require Specifics About Labor Costs
The FASB is studying a plan that could require companies to break out more information in income statements about labor …
U.S. Accounting Rulemaker’s Improvement to Supplier Finance Program Disclosure Rule is Credit Positive, Moody’s Says
The U.S. accounting standard-setter’s recent decision to make changes to the disclosure of supplier finance program obligations, also known as …
SEC Should Require Public Tax Reporting by U.S. Multinationals, Advocacy Group Says
The SEC should use its regulatory power to require that large U.S. multinational companies publicly disclose data they already collect …
New Accounting Disclosure Rules for Supplier Finance Programs Will Take Effect Next Year
Companies that use supplier finance programs to buy goods and services will need to start disclosing the key terms of …