FASB News Effective Date for Insurance Accounting Amendments still 2021 Despite the complaints of U.S. insurance companies that they will not be ready to meet…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
CPAJ News Briefs
FASB/AICPA News
FASB News Banks Seek Extended Phase-In Period for Credit Loss Standard Banks want federal banking regulators to make it easier to adopt FASB’s proposed credit…
CPAJ News Briefs
FASB/AICPA News
FASB News EITF Effort to Clarify Business Combinations Guidance Delayed FASB’s Emerging Issues Task Force (EITF) recently determined that it needs to further revise a…
CPAJ News Briefs
FASB/IASB News
FASB News Minor Technical Corrections Published for Lease Standard FASB has published an update to U.S. GAAP with 16 technical corrections for its much-watched lease…
CPAJ News Briefs
FASB/GASB/SEC News
FASB News Effort to Refine U.S. GAAP’s Definition of a ‘Liability’ Continues. FASB’s latest effort to update its Conceptual Framework is focusing on the building…
CPAJ News Briefs
FASB/IASB News
FASB News Quarterly Disclosure Project to Resume After a more than three-year hiatus, FASB resolved at its July 11 meeting to resume its project to…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
CPAJ News Briefs
FASB News
FASB News Effort to Refine U.S. GAAP Definition of a Liability Continues FASB’s latest effort to update its Conceptual Framework is focusing on financial statement…
CPAJ News Briefs
FASB/IASB News
FASB News FASB Clarifies Accounting Guidance for Contributions FASB has updated U.S. GAAP to determine when a contribution to a not-for-profit organization should be accounted…
CPAJ News Briefs
FASB/IASB/PCAOB
FASB News Proposed Amendments for Collaborative Arrangements Leave Many Questions Unanswered Some financial reporting professionals doubt that a recent FASB proposal will solve the accounting…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
CPAJ News Briefs
FASB/PCAOB News
FASB News Disclosure Framework Slated for September Publication FASB’s planned concepts statement aimed at improving how the board writes disclosure requirements for U.S. GAAP is…
CPAJ News Briefs
FASB/AICPA/IASB News
FASB News AICPA and CUNA Seek Extension of Credit Loss Standard’s Effective Date Some smaller financial institutions and private companies are worried that the transition…
CPAJ News Briefs
FASB/PCAOB News
FASB News FASB, IASB to Share Information on Performance Reporting Projects On June 18, FASB will meet with the IASB at its London office for…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
CPAJ News Briefs
FASB/IASB News
FASB News Details of New Lease Guidance Complicate Implementation Efforts At first blush, FASB’s new lease accounting standard sounds simple enough: companies must tally everything…
CPAJ News Briefs
FASB/IASB News
FASB News Small Companies Face Difficult Implementation Process for Revenue Standard Representatives from small public companies and their auditors told FASB on May 10 that…
CPAJ News Briefs
FASB/AICPA News
FASB News Final Version of Disclosure Framework Amendments Slated for Mid-Year In the coming months, FASB plans to publish the guide it first proposed more…
CPAJ News Briefs
FASB/IASB News
FASB News Disclosure Framework Nears Completion FASB is close to finalizing a guide to help it write consistent, effective footnote disclosure requirements in new accounting…
CPAJ News Briefs
FASB/IASB/PCAOB News
FASB News Meeting with Healthcare Professionals to Address Issues, Trends FASB is scheduled to meet with the Healthcare Financial Management Association’s Principles and Practices Board…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
CPAJ News Briefs
FASB/IASB News
FASB News Guidance for Bad Debt Reserves to Remain in U.S. GAAP FASB has agreed to drop a proposal that would have erased some guidance…
CPAJ News Briefs
FASB/IASB/PCAOB News
FASB News Simplified Transition Method to New Lease Standard Still Requires Extensive Effort As the 2019 public company effective date for FASB’s lease accounting standard…
CPAJ News Briefs
FASB/IASB/AICPA
FASB News Research for Performance Reporting Project Continues As FASB develops an outline for its project on performance reporting, the board wants its staff to…
CPAJ News Briefs
ASB/AICPA/IASB News
ASB News Much Work Remains for Lease Standard’s Implementation As the 2019 effective date of FASB’s new lease accounting standard looms, many public companies are…
CPAJ News Briefs
FASB/IASB News
FASB News Disclosure Framework Project Nears Completion At its March 21 meeting, FASB weighed the external comments on the draft of the final version of…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
CPAJ News Briefs
FASB/GASB News
FASB News Fair Value Disclosure Rules Scaled Back On March 7, the FASB published an update to U.S. GAAP to improve the information businesses disclose…
CPAJ News Briefs
FASB/AICPA/PCAOB News
FASB News Proposal to Allow Greater Capitalization of Cloud Computing Costs FASB has released a proposed amendment to U.S. GAAP for public comment to clarify…