FASB to Issue Flexible Hedge Accounting Technique Mid-April
U.S. accounting rulemakers plan to issue a flexible hedge accounting rule called the portfolio-layer-method mid-April, according to a source. The …
Rolling Stones Verse in Tow, FASB Affirms Two Proposals to Amend Credit Loss Rules
The FASB on February 2, 2022, affirmed its recent proposals to enhance the usefulness of vintage disclosures and to eliminate …
GASB Update to LIBOR Cessation Accounting Rules Coming in Spring for Cities, States
A GASB update to accounting rules that address the dissolution of the London Interbank Offered Rate (LIBOR) will be published …
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 …