Exception to Derivatives Accounting Rules to be Expanded in Coming FASB Proposal
The nation’s accounting rulemaker plans to propose rules this summer that would keep the boundaries of complex derivatives accounting rules …
FASB Backpedals: Will Tailor International Accounting Rules on Government Grants for US GAAP
The FASB on April 3, 2024, voted 6 to 1 to tailor an international accounting standard on government grants and …
New FASB Rule on Profits Interest Awards Could Mean Change for Some Firms
The FASB on March 21, 2024, published a narrow rule on profits interest awards that could mean change for some …
New FASB Segment Accounting Rules Carry Big Implications for Using Non-GAAP Measures
Accountants are thinking about the FASB’s new segment reporting rules that take effect this year, mindful of the implications the …
Grim Outlook Predicted for Accounting Firms for Next Four Years—With Hope
The next four years will be much harder for accounting firms than the past four, and many are going to …
Don’t Wait Until the Last Minute to Adopt FASB’s Income Tax Disclosure Rules, Some Caution
The FASB’s income tax disclosure rules take effect next year, but companies should not wait until the last minute to …
Fund Manager Asks SEC to Write Rule for Disclosure of Revenues From Tobacco
The Securities and Exchange Commission (SEC) already has a jam-packed rulemaking agenda planned for this year, altogether about three dozen, …
Cash Flows Rules Causing Misleading Valuations of Tech Firms? Some Want FASB to Study
The FASB should add another project to its agenda on the statement of cash flows because current rules cause analysts …
Accountants Predict Easier Year as Big Ticket FASB Changes Aren’t on the Table
This year will be easier for reporting companies than prior years because the FASB scaled back somewhat on major standard-setting …
Use of Employee Stock Ownership Plans Growing but Disclosures Inadequate
More private companies are using employee stock ownership plans (ESOPs) these days, but risk managers are not getting enough information …