Revisions to Credit Loss Accounting Rules Coming for TDRs, Loans Acquired in Business Combinations
The FASB on July 14, 2021, added projects to its technical agenda to eliminate the accounting for troubled debt restructuring …
Is EU’s Move to Set Sustainability Standards Ruining International Cooperation?
As the IFRS Foundation is working to establish the International Sustainability Standards Board (ISSB), many, including some SEC commissioners, expressed …
Accounting Profession Says SEC ESG Rulemaking Should Leverage Work Done By Private Standard-Setters
Judging by comment letters filed with the SEC, the accounting profession seems to be coalescing around an environmental, social, and …
Accounting Rules for Measuring Profits Interest Might be Crafted, Panel Discussions Signal
The FASB’s Private Company Council (PCC) said there is sufficient use of profits interest as compensation to senior executives to …
Public Asked to Weigh in on FASB’s Five-Year Technical Agenda
Companies can now state their case for what accounting topics the FASB should add to its technical agenda, a process …
Private Company Council Votes to Finalize Accounting Workaround Related to Share Option Awards
The Private Company Council (PCC) on June 22, 2021, approved the issuance of a new standard this year related to …
Top 5 Accounting Issues to Master to Avoid Snags in SPAC IPOs
Use of Special purpose acquisition (SPAC) vehicles have spiked over the past year because private equity and venture capital firms …
Dire Need for Crypto Accounting Rules, Swaps and Derivatives Group Says
The FASB should develop an accounting framework to address cryptocurrencies because the value of such assets are not being properly …
Over 30 Organizations and Individuals Press SEC Chair Gensler to Fix Broken Financial Reporting Infrastructure
More than 30 organizations and individuals are pressing SEC Chair Gary Gensler to overhaul the financial reporting infrastructure, including the …
FASB Reaffirms Proposed Concepts for Definition of a Liability
The FASB on June 2, 2021, reaffirmed much of a proposal on the conceptual definition of a liability, eliminating words …