All FASB articles – Page 14
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Blog
White plugs for accounting convergence in parting statement
Outgoing SEC Chair Mary Jo White is urging her successor to prioritize continued improvement and convergence of accounting standards globally. Tammy Whitehouse has more.
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Blog
Going concerns fall in 2015, but not due to better financials
Going concern filings appear to have tapered off in 2015, but that doesn’t necessarily mean public company balance sheets are getting healthier. More from Tammy Whitehouse.
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Blog
PCAOB’s reorganized auditing standards rule book takes effect
Now that the calendar has turned to 2017, auditors will be following a new nomenclature with respect to citing auditing standards after a reorganization of the rules has taken effect. Tammy Whitehouse reports.
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Article
Agenda 2017: revenue recognition, meet internal controls
In 2017, monumental accounting change in the form of revenue recognition will crash head on with continued intensity around internal controls. Tammy Whitehouse reports.
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Blog
IOSCO joins call for disclosure on new accounting standards
International regulators, like SEC in the United States, are calling on companies to give plenty of disclosure about transition to new accounting standards.
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Blog
FASB makes "minor, minor, minor" changes to revenue recognition
FASB has issued the last batch of intended changes to clarify or correct various points raised in the new revenue recognition accounting requirements.
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Blog
Some plan to dig into leases in 2017, some not so much
The latest poll on big accounting change says some companies are making plans to devote time in 2017 to the new requirements around lease accounting, according to Tammy Whitehouse.
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ArticleAre companies ‘grieving’ over new revenue recognition rules?
Maybe it’s a collective sense of grieving that is keeping so many companies on the sidelines as big accounting change looms over revenue recognition. Tammy Whitehouse reports.
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Blog
CAQ nudges audit committees on revenue recognition oversight
Citing an “urgent” need for audit committees to get up to speed on implementation of the new revenue recognition standard, the Center for Audit Quality offers some pointers. Tammy Whitehouse has more.
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Blog
FASB plans pause before digging into big new rules
After issuing some huge changes to accounting standards, FASB will keep the current work load or corporate accounting offices in mind before taking on big new projects.
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Blog
SAS helps banks comply with IFRS 9 accounting standards
Shifting regulatory compliance and financial standards create an urgent need for banks to dismantle barriers between finance and risk departments. SAS Expected Credit Loss is a new solution that’s helping them succeed.
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Article
Questions abound as companies adopt new lease accounting standard
The rise in questions on the new lease accounting standard suggest some companies are cracking the spine on that new rulebook, reports Tammy Whitehouse.
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Article
Biggest companies wrapping up revenue recognition studies
Big companies are wrapping up revenue recognition assessments and determining what to disclose to investors at year-end. Tammy Whitehouse has more.
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Blog
Goodwill impairment doubled in 2015, new study says
Amid low oil prices and a spike in M&A, goodwill impairment at public companies doubled from in 2015, hitting its highest levels since the financial crisis.
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Blog
FASB issues new restricted cash rule, proposal on stock comp
FASB has published a new rule to combat diversity in restricted cash accounting and a new proposal to clarify the rules around stock compensation modifications.
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Blog
FASB chair Golden reappointed, two new members named
Russ Golden has been appointed to a second term as chairman of FASB, and two new members have been appointed to fill terms that will expire in mid-2017. Tammy Whitehouse has more.
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Blog
FASB offers views on lease accounting questions
FASB is getting questions on how to apply the new leasing standard, so the board took the unusual step of offering some informal, high-level feedback. Tammy Whitehouse reports.
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Blog
Transition experts vet four more revenue recognition questions
Companies working to implement the new revenue recognition standard have a little more guidance to consider after FASB’s Transition Resource Group has vetted some lingering uncertainties. Tammy Whitehouse has more.
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Blog
FASB’s new consolidation guidance lays off indirect interests
FASB’s new consolidation guidance is meant to help companies better determine whether a particular entity should be consolidated to financial statements. More from Tammy Whitehouse.
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Blog
Revenue recognition laggards outnumbered in new poll
Tammy Whitehouse has the results of a fresh survey on revenue recognition that suggests 75 percent of public companies are still assessing how they will be affected with only 14 months to the effective date.