All nonfinancial assets articles

  • Blog post

    FASB proposes guidance on how to reflect non-financial asset shed

    2016-06-14T10:30:00Z

    FASB is offering yet another accounting proposal meant to help smooth over implementation of the new revenue recognition standard. The change would apply to an area of the Accounting Standards Codification that was amended to comply with the new revenue standard in order to aid compliance with the rules around ...

  • Blog post

    FASB Tackles How to Present Partial Sales of Nonfinancial Assets

    2016-01-08T10:30:00Z

    In its quest to clarify how to define “business” for the sake of accounting rules, FASB is wading into how to account for partial sales of nonfinancial assets. FASB has tentatively decided that all transactions where an entity retains an equity interest in an asset or receives an equity interest ...

  • Article

    Today’s Revenue Rule Surprise: Non-Financial Assets

    2015-09-22T11:00:00Z

    Image: Companies are starting to awaken to yet another wrinkle in the new revenue recognition standard: how it will affect the sale of non-financial assets, such as when you sell off an old property or intangible asset. “If you’re not in the real estate business, you don’t think of the ...