‘Post-Effective Date Review’ Starting This Year for Revenue and Lease Standards
The FASB plans to start its “post-effective date review” in 2019 on new accounting standards for revenue and leasing, to …
Companies to Get Narrower Convertible Debt Model in Upcoming Proposed Rules
The FASB plans to reduce the accounting model for convertible debt from five to one or two models. The change …
Survey Shows Investors’ Mixed Views on Credit Losses Standard
The FASB has heard plenty of complaints from banks about its new credit losses accounting standard, but now some dissatisfied …
Lawmakers, Bankers Turn up Heat on Credit Losses Standard
Lawmakers and bankers at a House subcommittee hearing repeated criticisms about the FASB’s much-watched credit losses standard, saying the rules …
Minor Changes to Leases Standard to be Proposed in Early 2019
The FASB by early 2019 plans to release for public comment two minor changes to its lease accounting standard dealing …
Update Gives Credit Unions, Community Banks Until 2022 to Follow New Credit Losses Standard
The FASB published an update to U.S. GAAP to clarify its new accounting standard requiring earlier recognition of credit losses …
Public Companies May Have to Disclose Assistance From Government Grants, Tax Programs
Three years after proposing to require companies to provide details about assistance they receive from governments, the FASB is close …
Kroeker: Banks Need to Implement Credit Loss Standard On Schedule
Banks, lawmakers, and trade groups in recent weeks have pressured the FASB to delay the effective date for the board’s …
Difference Between Revenue, Collaborative Arrangements Is Clarified With Amendment to U.S. GAAP
The FASB published an update to U.S. GAAP to address financial reporting questions about some types of joint ventures. The …
U.S. GAAP Amended to Give Private Companies Relief From VIE Guidance for Common Control Entities
The FASB published an update to U.S. GAAP that will let private companies skip the complex variable interest entity guidance …