Top 5 Issues to Master to Adopt FASB Lease Accounting Rules This Year
Private companies, the largest business demographic in the U.S., have to adopt the FASB’s new lease accounting standard starting this …
FASB Proposes New Disclosures for Buyers in Supplier Finance Programs
Buyers that use supplier finance programs to pay for goods or services will need to cough up new details about …
FASB Votes to Propose Two-Year Extension on Accounting Relief for LIBOR Removal
Temporary accounting relief guidance set to end next year to facilitate the removal of LIBOR will be extended two more …
FASB Decisions on Segment Expense Disclosures Move to External Reviewers
The FASB on December 8, 2021, wrapped up the bulk of its discussions about what companies would be required to …
FASB Proposes More Amendments to Credit Loss Accounting Rules and Disclosures
The FASB on November 23, 2021, issued a narrow proposal to remove troubled debt restructuring (TDR) accounting rules from the …
FASB Publishes New Accounting Rules for Disclosing Government Incentives
The FASB on November 17, 2021, issued a new accounting standard to create consistency in the way companies disclose certain …
FASB Votes Against Delaying Lease Accounting Rules a Third Time for Private Companies
The FASB on November 10, 2021, unanimously voted against delaying lease accounting rules a third time for private companies, citing …
Big Four, AIPCA Lobbying Includes FASB Independence, PCAOB Enforcement Transparency
Big Four audit firms and the AICPA reported lobbying on a wide range of accounting-related matters in the third quarter …
FASB Proposes Modest Revisions to Interim Disclosure Rules
The FASB on November 1, 2021, proposed modifications to interim disclosure rules aimed at helping companies to provide more meaningful …
Independent Joint Ventures Getting Specific Disclosure Rules, FASB Says
The FASB on October 13, 2021, continued to hammer out a proposal for joint venture formations, voting on disclosures stand-alone …