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

FASB Issues Proposal on Collaborative Arrangements (Topic 808)

Apr 30, 2018

The FASB has released a proposed Accounting Standard Update (ASU) Collaborative Arrangement (Topic 808): Targeted Improvements. The proposed update is being issued to clarify the interaction between Topic 808: Targeted Improvements and Topic 606: Re ...

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FASB Proposes Improvements to the Accounting for Implementation Costs of Cloud Computing Arrangements

Mar 2, 2018

The FASB issued a proposed Accounting Standards Update (ASU) which clarifies the accounting for implementation costs related to a cloud computing arrangement (also known as a hosting arrangement) that is a service contract. If adopted as proposed, th ...

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FASB Issues Corrections and Improvements to Financial Instruments

Mar 1, 2018

The FASB has issued Accounting Standards Update (ASU) No. 2018-03, Technical Corrections and Improvements to Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, that clarifies ...

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SEC Issues Interpretive Guidance on Public Company Cybersecurity Disclosures

Feb 22, 2018

On Tuesday, February 20, 2018, the SEC voted unanimously, approving a statement and interpretive guidance to assist public companies in preparing disclosures about cybersecurity risks and incidents. Jay Clayton, SEC Chairman said: “In todayR ...

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FASB Accounting Standards Codification Topic 815, Derivatives and Hedging

Feb 22, 2018

The FASB issued a proposed Accounting Standards Update (ASU) which would expand the list of U.S. benchmark interest rates permitted in the application of hedge accounting. Comments are due March 30, 2018. FASB Accounting Standards Codification Topic ...

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Proposed Accounting Standards Update - Leases (Topic 842) — Targeted Improvements

Jan 17, 2018

On 5 January 2018, the Financial Accounting Standards Board (“FASB”) issued a proposed Accounting Standards Update (ASU) intended to reduce costs and assist in simplifying the effects to entities as it relates to the implementation of the new lea ...

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