All FASB articles – Page 10
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Blog
KPMG poll: Much work remains to be ready for lease rules
Companies still have a long way to go to be ready for new lease accounting rules that take effect in 2019, according to a recent KPMG poll.
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ArticleNew rules accelerate recognition of unredeemed gift cards
Gift card issuers have a new post-holiday-season hangover issue to address this year as they adapt to new accounting rules on how to recognize gift card revenue.
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Blog
FASB queues up technical questions on hedging standard
After approving a new standard for how to account for hedges in financial statements, now FASB is hearing requests for clarifications and technical corrections.
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Blog
Is IFRS 9 shaking up U.S. activity to adopt CECL?
Accounting activity at publicly held financial institutions apparently is picking up to prepare for new requirements for the recognition of loan losses.
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Blog
FASB plans to finalize tax reform guidance
The FASB plans to finalize by Feb. 16 guidance that will allow entities to reclassify certain tax effects in equity as a result of recent tax legislation.
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Blog
FASB approves change to lease rule; more changes coming
FASB has finalized a change to the pending new lease accounting standard meant to make it easier for companies to transition to the new requirements.
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Blog
FASB proposes rule change, offers guidance on tax reform
FASB is churning out guidance on how to account for the Tax Cuts and Jobs Act with a proposed change to accounting standards and a series of questions and answers.
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Blog
FASB plans to change income classification under tax law
The FASB has decided it will fast-track a change to accounting rules to allow reclassification of the income tax effects of the recent tax reform law.
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Article
How FASB can ease the tax law time crunch
While corporate America sorts through the most sweeping change in tax law in more than 25 years, one thing is becoming increasingly clear: Accountants have limited time to determine how financial statements should reflect the new law.
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Blog
FASB proposes lease accounting transition relief
FASB proposes a change to the new lease accounting standard taking effect in 2019 that promises to ease the implementation.
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Blog
FASB considers guidance on accounting for tax reform
FASB is considering whether to take up any new rulemaking as a result of the accounting consequences of the Tax Cuts and Jobs Act.
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ArticleLease accounting relief will ease adoption—but only a little
With work winding down to get ready for the massive shift in how to recognize revenue, the next major accounting change exercise still awaits—lease accounting.
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Article
Time runs out on getting ready for new revenue recognition
With little time remaining to prepare for a wholesale change to revenue recognition, accounting leaders share some final insights to help companies wrap it up.
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Blog
SEC says it will respect well-reasoned revenue judgments
The SEC has signaled it doesn’t plan to pick apart the many detailed judgments they must exercise as they follow new revenue recognition rules beginning next year.
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Article
Companies advised to stay alert to non-GAAP issues
The regulatory furor over non-GAAP reporting may be diminishing, but the need for continued corporate vigilance on proper use of non-GAAP measures is not.
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Blog
FASB agrees to simplifications to ease into new lease rule
The lease accounting standard is about to get easier to adopt when it takes effect in 2019, but that doesn’t mean companies should slow their preparations.
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Blog
Companies make progress, face more work on revenue
Third-quarter filings suggest companies are making progress implementing new revenue rules, but still have plenty of work to do in the fourth quarter.
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Blog
Migration to simpler goodwill test will be slow, data says
FASB may have given companies a simpler way to determine whether goodwill must be marked down, but not all public companies are rushing to adopt it.
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Article
Early revenue adopters report little change to numbers
Early adopters of the new revenue standard are big companies with little change to their reported revenue numbers, but more substantial change to disclosures.
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Blog
FASB tees up talk on controversial materiality proposal
The Financial Accounting Standards Board plans at its next public meeting to discuss its controversial proposal to alter the GAAP concept of materiality.