This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version. Please upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.
  • GASB issues two preliminary views

    Nov 21, 2014

    The GASB has issued for public comment preliminary views documents on (1) leases and (2) fiduciary responsibilities. The Board is issuing the documents to obtain feedback from stakeholders before drafting more detailed proposals.

  • FAF appoints new FASAC members

    Nov 21, 2014

    The FAF board of trustees has appointed seven new members to the Financial Accounting Standards Advisory Council.

  • FAF launches GAAP education portal

    Nov 19, 2014

    The FAF has launched a new educational portal to highlight the benefits of GAAP for public, private, not-for-profit, and state and local governmental entities in the United States.

  • FASB issues ASU and SEC rescinds SAB Topic on pushdown accounting

    Nov 18, 2014

    Today, the FASB issued ASU 2014-17, which gives an acquired entity the option of applying pushdown accounting in its stand-alone financial statements upon a change-in-control event. The guidance is effective immediately. ASU 2014-17 codifies the final consensus reached by the EITF on Issue 12-F at its September 2014 meeting.

  • New issue of “GASB Outlook” published

    Nov 12, 2014

    The GASB has published the latest issue of its quarterly e-newsletter, "GASB Outlook," which provides high-level information about the GASB’s projects and key activities.

  • Highlights from the FASB’s November 5 meeting

    Nov 07, 2014

    At its November 5, 2014, meeting, the FASB (1) endorsed the PCC consensus on identifiable intangible assets, (2) updated its technical agenda, and (3) discussed its project on goodwill for public business entities and not-for-profit entities.

  • FASB issues guidance on hybrid financial instruments

    Nov 04, 2014

    The FASB has issued Accounting Standards Update (ASU) No. 2014-16, “Determining Whether the Host Contract in a Hybrid Financial Instrument Issued in the Form of a Share Is More Akin to Debt or to Equity,” in response to the EITF’s final consensus on Issue 13-G. The ASU requires an entity to “determine the nature of the host contract by considering all stated and implied substantive terms and features of the hybrid financial instrument, weighing each term and feature on the basis of the relevant facts and circumstances” (commonly referred to as the whole-instrument approach).

  • GASB issues proposal on tax abatement disclosures

    Nov 03, 2014

    The GASB has issued “Tax Abatement Disclosures,” an exposure draft of a proposed Statement under which state and local governments would be required to disclose “information about property and other tax abatement agreements.” The proposal is intended to “provide financial statement users with essential information” about tax abatement programs.

News RSS Feed  Link
 
  • Journal entry — Pushdown accounting — FASB issues ASU; SEC rescinds SAB topic

    published Nov 18, 2014

    Today, the FASB issued ASU 2014-17, which gives an acquired entity the option of applying pushdown accounting in its stand-alone financial statements upon a change-in-control event. The guidance is effective immediately. ASU 2014-17 codifies the final consensus reached by the EITF on Issue 12-F at its September 2014 meeting.

  • Investment management — Accounting and financial reporting update (2014)

    published Nov 18, 2014

    The 2014 update highlights the year's accounting and reporting developments that apply to investment management entities. Topics discussed include (1) the issuance of new guidance on the recognition of revenue from contracts with customers; (2) the continued work of the FASB on accounting for financial instruments, consolidation, and leases; and (3) the SEC's continued focus on rulemaking, particularly in connection with its efforts to complete mandated actions under the Dodd-Frank Act.

  • Journal entry — Consolidation — FASB plans to continue discussing proposed amendments to guidance

    published Nov 12, 2014

    At its meeting today, the FASB received an update from its staff about the status of its consolidation project. The staff indicated that a significant number of comments were received on the FASB’s draft amendments to the consolidation guidance. On the basis of the staff’s recommendation and the feedback received from external reviewers, the FASB has decided to hold a meeting on December 10, 2014, to further discuss certain significant items raised during the external review process.

  • IFRS on point — October 2014

    published Nov 11, 2014

    IFRS on Point, published at the end of each month, highlights critical IFRS-related financial reporting developments.

  • Financial Reporting Alert 14-3, Segment reporting

    published Nov 10, 2014

    This Deloitte (United States) publication discusses recent comments by SEC staff members regarding FASB Accounting Standards Codification Topic 280, "Segment Reporting" (ASC 280), and certain aspects of segment reporting that are expected to be the subjects of increased scrutiny by the SEC staff.

  • More publications
  • Publication RSS Feed  Link
     

    Correction list for hyphenation

    These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.