Subset of Companies Get Deferral on New FASB Rules for Credit Losses, Hedging, Lease, Insurance Rules
By Denise Lugo As expected, the FASB on November 15, 2019, issued two new accounting standards with a set of …
FASB Issues Narrow Rules to Simplify Accounting for Share-Based Payments to Customers
By Denise Lugo The FASB issued a new accounting standard on November 11, 2019, to provide companies with a simpler, …
Legislative Push Against FASB’s Credit Loss Rules Reignites Concerns About Independent Standard-Setting Process
By Denise Lugo Recent efforts by U.S. legislators to push the FASB to stop and further study the economic impacts …
Plethora of New FASB Rules Spurring Job Growth in Accounting Profession, Study Claims
By Denise Lugo The number of U.S. jobs for accountants, auditors, and financial specialists will continue to climb over the …
U.S. Accounting Rulemakers Faced with Tough Decisions over Credit Loss Rules
By Denise Lugo The FASB will vote on October 16, 2019, about whether to finalize an August proposal that aims …
Big Four Accounting Firms Ask FASB to Provide Disclosure and Classification Rules for Supplier Finance Arrangements
By Denise Lugo Deloitte & Touche LLP, Ernst & Young LLP, KPMG LLP and PricewaterhouseCoopers LLP have jointly asked the …
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, …