FASB Issues New Rules to Stem Impact of LIBOR Expiration on U.S. Companies
By Denise Lugo U.S. accounting rulemakers on March 12, 2020, published new rules to provide an easier, more cost efficient …
FASB Publishes Narrow Fixes to Financial Instruments Accounting Rules
By Denise Lugo The FASB on March 9, 2020, said it amended seven areas of financial instruments accounting rules, narrow …
Private Company Rules for ‘Profit Interest’ Could Get Simpler
By Denise Lugo Private companies could be getting more clarity about reporting profits interest, a type of equity compensation used …
U.S. Companies to Get New LIBOR Transition Accounting Rules Mid-March
By Denise Lugo FASB Chairman Russell Golden said the board in coming weeks will issue new accounting guidance to help …
Narrow Private Company Proposal to be Issued Related to Equity-Classified Stock Options
By Denise Lugo A Private Company Council (PCC) decision to leverage Internal Revenue Code Section 409A valuation procedures for finding …
FASB to Extend Research on Proposed Income Tax Disclosure Changes
By Denise Lugo The FASB will hold a workshop during the second quarter this year to gain more insight about …
AICPA Speaks out for Independent FASB Following GOP Bill
By Bill Flook When Rep. Blaine Luetkemeyer, one of the loudest critics of the FASB in Congress, last year proposed …
FASB Votes to Finalize Seven Proposed Fixes to Financial Instruments Rules
By Denise Lugo The FASB plans to issue in early March amendments to financial instruments accounting rules on seven narrow …
FASB to Propose Amendments in June to Concepts that Guide Creation of GAAP
By Denise Lugo U.S. accounting rulemakers plan to issue a proposal early June that revises the concepts for elements of …
Investor Group Chides FASB for Anchoring Goodwill Debate on Private Company Rules
By Denise Lugo A FASB July 2019 discussion paper on whether and how to change goodwill accounting rules for public …