FASB Publishes Staff Document to Clarify Cash Flow Hedge Accounting Rules
By Denise Lugo The FASB on April 28, 2020, published a staff question-and-answer (Q&A) document to clarify the effects of …
House Bill Would Extend CECL Delay in CARES Act
By Bill Flook A House Democrat on April 17, 2020, introduced a measure to extend the length of an optional …
FASB Proposal Related to Equity-Classified Share Options Delayed Until Crisis Abates
By Denise Lugo A FASB proposal that would leverage Internal Revenue Code Section 409A valuation procedures for finding the current …
Was Congress Right to Delay New Credit Loss Accounting Rule Implementation Amid Pandemic?
By Soyoung Ho The CARES Act gave big banks the option to delay the adoption of the U.S. accounting standard-setter’s …
FASB to Defer Rules on Revenue for Franchisors, Lease Accounting
By Denise Lugo The FASB on April 8, 2020, voted to propose one-year deferrals on revenue recognition and lease accounting …
Accountants in Healthcare Sector Say Coronavirus Came at a Pivotal Reporting Period
By Denise Lugo The biggest accounting concern for the healthcare sector and companies in general these days is that the …
Companies Expect FASB, SEC to Straighten out Accounting Uncertainty Sparked by CARES Act
By Denise Lugo The economic stimulus package recently passed by U.S. legislators that allows large banks to suspend applying current …
FASB’s Schroeder: Credit Loss Rules Not Trying to Drive a Particular Outcome
By Denise Lugo A day after U.S. legislators moved on an economic stimulus package that includes a provision that enables …
House COVID-19 Package Would Expand Disclosures
By Bill Flook The legislative stimulus package rolled out on March 23, 2020, by the House Financial Services Committee in …
FASB Assessing Impact of Accounting Rules Amid Looming COVID-19 Credit Crunch
By Soyoung Ho The FASB is assessing the impact of certain accounting rules in light of the coronavirus pandemic, which …