In ‘Dear Stakeholders’ Alert, FASB Trustees Urge Firms to Opine on Private Company Council
The FASB’s trustees are pressing for firms to submit comments about the effectiveness of the Private Company Council (PCC), the …
Debt Accounting Rules Flagged as Still too Complex for Private Companies
Private companies still find the accounting rules for debt modifications and extinguishments tough to understand, even with educational material the …
Plan to Amend Stock Compensation Disclosure Rules for Private Companies Scrapped After 2 Years of Study
The FASB’s main advisers for private companies decided not to amend stock compensation disclosure rules, voting 8 to 3 to …
Nonprofits Should Disclose Risks of Big Donor Withdrawals Over Emerging Events, Panel Signals
Not-for-profit organizations should make sure they are providing good disclosures around the risk of big donors withdrawing contributions over “events …
FASB to Re-Expose Proposal on Interim Disclosure Rules for Public Comment
The FASB on April 10, 2024, voted to issue a second proposal for interim disclosure rules, provisions companies would use …
Segment Reporting, AI, Commercial Real Estate are Among SEC Disclosure Review Priorities for 2024
At a conference, senior Securities and Exchange Commission (SEC) officials said that the staff will closely review several areas, including …
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 …