Stay relevant with the latest technical accounting and financial reporting developments from the FASB, SEC, AICPA and other regulatory bodies.
On 28 August 2017, the FASB issued ASU No. 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities. The FASB issued this ASU to simplify current hedge accounting requirements in U.S. GAAP, which curren ...Explore
On 3 August 2017, the FASB issued a proposed ASU, Not-for-Profit Entities – (Topic 958) Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made. The amendments in the proposed update would provide a more r ...Explore
As Companies Focus on Implementation Efforts for the New Revenue Recognition Standard (Topic 606), It is Important to Consider the Impact on Disclosures, Accounting Policies, Internal Controls and Process Documentation On May 12, 2017, MBAF released ...Explore
On 22 June 2017, the FASB issued a proposed ASU, Consolidation – (Topic 718) Targeted Improvements to Related Party Guidance for Variable Interest Entities. The FASB issued this proposed ASU in response to stakeholders’ observations that ...Explore
FASB Issues Guidance to Determine the Customer in Service Concession Arrangements of Share-Based Payment Awards
On 16 May 2017, the FASB issued ASU No. 2017-10, Service Concession Arrangements (Topic 853): Determining the Customer of the Operation Services. The FASB issued this ASU to eliminate diversity in practice in how an operating entity determines the cu ...Explore
In response to growing market demand from customers, vendors, business partners and regulators for useful information about an entity’s cybersecurity risk management efforts, the AICPA has expanded the options available for organizations to vol ...Explore