All FASB articles – Page 12
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Blog
AICPA issues more revenue recognition guide drafts
Companies adopting new revenue rules have yet more guidance to consider as the AICPA releases four more working drafts for its evolving revenue recognition guide.
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Blog
FASB plans corrections to lease, financial instrument rules
FASB is planning a series of technical corrections on lease accounting and financial instruments, but it resisted the temptation to tweak revenue recognition any further.
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Blog
Half of Fortune 500 still non-committal on new revenue rules
More than one-fourth of Fortune 500 filers still had not figured out how they will be affected by new revenue recognition rules as of April and May.
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Blog
Investors reward readable disclosures, study finds
It turns out investors really do value and reward plain-English disclosures, according to an emerging academic study.
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Blog
FASB nears release of final standard on hedge accounting
FASB plans to issue its final standard on hedge accounting in August, taking effect in 2018 among other major accounting changes over the next few years.
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ArticleValuation specialists rise to financial reporting challenge
Companies can expect some shift in how valuation specialists produce and document valuations underpinning financial statement assertions.
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Blog
Deloitte analysis shows slow move to new revenue rules
An analysis of Fortune 1000 disclosures provides more disturbing evidence that companies are making only sluggish progress in implementing new revenue recognition accounting.
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Blog
FASB warns Codification to undergo reconstruction
The FASB is advising accountants to sit tight through some reconstructive work in the coming months in the online Accounting Standards Codification.
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Blog
IASB issues big change in accounting for insurance contracts
The IASB has issued new standard on how to account for insurance contracts, considered among the most significant changes ever made to international accounting rules.
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Blog
FASB asks for ideas to make GAAP Taxonomy easier to use
Companies that have struggled with navigating the U.S. GAAP Taxonomy to complete their XBRL filings will want to weigh in on the effort to make it more useable.
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ArticleTechnical conclusions taking shape in revenue recognition
Technical consensus is starting to gel in certain aspects of the new revenue recognition accounting requirements, but the answers are not black and white.
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Blog
FASB addresses lease accounting transition questions
Facing questions about how to transition to the new lease accounting requirements in 2019, FASB recently explained what it had in mind when it issued its guidance.
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Article
Survey: Banks not preparing enough for CECL standard
According to a recent survey by RapidRatings and Compliance week, banks are nowhere near ready for FASB’s CECL requirements scheduled to go into effect in 2020.
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Blog
Deloitte offers views on lease accounting questions
Deloitte says it’s hearing enough questions about how to apply the new lease accounting rules it decided to publish a question-and-answer paper to articulate its views.
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Blog
Investors demand more ESG disclosure, new study says
Investor interest is growing in getting expanded information out of companies about their environmental, social, and governance issues, based on a recent global study.
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Article
Revenue recognition implementation way behind schedule for most: survey
With less than a year to go before implementation, a new survey from Workiva shows that many companies are not as prepared as they ought to be.
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Article
As firms adopt revenue rules, are they ignoring disclosure?
Whether you think your company is ready for the new accounting for revenue recognition or not, it’s probably not ready to comply with new disclosure requirements.
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Blog
FASB shortens write-down period for some debt securities
The Financial Accounting Standards Board has settled on a new way for companies to amortize, or write down the value, of certain debt securities.
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Blog
Going concern rules produce puzzling disclosure scenario
Companies and their auditors are following different going concern disclosure rules, leading to a puzzling disclosure from Sears that has left capital market players scratching their heads.
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Blog
SEC approves 2017 GAAP Taxonomy for use in XBRL filings
The SEC has given its final approval to the 2017 GAAP Taxonomy that public companies will use to prepare their XBRL financial statement exhibits.