Stay relevant with the latest technical accounting and financial reporting developments from the FASB, SEC, AICPA and other regulatory bodies.

January 2016 Highlights: ASUs (Proposed and Issued), Relevant Effective Dates, and New Revenue Recognition Standard (ASC 606).

Feb 14, 2017

The new year is off to a strong start with the FASB issuing four ASUs and proposing two ASUs. With 2016 toting a five-year record of 20 ASUs, we are sure to expect an active 2017 as the FASB has as extensive list of active projects. EXPLORE> ...

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FASB Issues New Guidance Simplifying Goodwill Impairment Testing

Jan 31, 2017

On 26 January 2017, the FASB issued ASU No. 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. To simplify the subsequent measurement of goodwill, the FASB eliminated Step 2 from the goodwill im ...

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FASB Proposes Simplification of Accounting for Certain Financial Instruments With Down Round Features and Overall Navigation of Topic 480, Distinguishing Liabilities from Equity

Dec 8, 2016

On 7 December 2016, the FASB issued a proposed ASU, Distinguishing Liabilities from Equity (Topic 480): I—Accounting for Certain Financial Instruments with Down Round Features, II—Replacement of the Indefinite Deferral for Mandatorily Redeemable ...

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FASB Proposes Clarification to Stock Compensation Modification Accounting

Nov 21, 2016

On 17 November 2016, the FASB issued a proposed ASU, Compensation – Stock Compensation (Topic 718): Scope of Modification Accounting. The proposed ASU is intended to address and clarify the evident diversity in practice when applying the guidan ...

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FASB Issues New Guidance to Amend the Presentation of Restricted Cash in the Statement of Cash Flows

Nov 21, 2016

On 17 November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash. Historically entities have classified transfers between cash and restricted cash as operating, investing, or financing activities, or as a combina ...

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FASB Proposes Clarification on Customer Definition in Service Concession Agreements

Nov 8, 2016

On 4 November 2016, the FASB issued a proposed ASU, Service Concession Arrangements (Topic 853): Determining the Customer of the Operation Services. The proposed ASU is intended to address and clarify the evident diversity in practice in how an opera ...

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