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  • FASB meeting Image
  • Highlights from the FASB’s November 30 meeting

    Dec 02, 2016

    At its November 30, 2016, meeting, the FASB discussed its projects on (1) share-based payment, (2) the conceptual framework, (3) goodwill impairment, and (4) leases. In addition, the FASB ratified the EITF’s consensus on Issue No. 16-B, “Employee Benefit Plan Master Trust Reporting.”

  • FAF (US Financial Accounting Foundation)  Image
  • FAF trustees announce new and reappointed FASAC and GASAC members

    Dec 02, 2016

    The FAF trustees have appointed five new members to the Financial Accounting Standards Advisory Council (FASAC) and four new members to the Governmental Accounting Standards Advisory Council (GASAC). The trustees have also announced the reappointments of 10 GASAC members.

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  • GASB proposes implementation guide

    Dec 01, 2016

    The GASB has issued a proposed implementation guide consisting of Q&As that would “clarify, explain, or elaborate on” certain GASB Statements.

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  • Highlights from the FASB’s November 16 meeting

    Nov 18, 2016

    At its November 16, 2016, meeting, the FASB discussed its projects on (1) technical corrections and improvements and (2) disclosure framework — inventory. In addition, the FASB held an agenda prioritization session.

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  • Accounting Roundup — November 2016 Image
  • Accounting Roundup — November 2016

    published Dec 02, 2016

    This issue features articles on the FASB’s issuance of an ASU on restricted cash and proposed ASUs on (1) determining the customer of operation services in service concession arrangements and (2) amending the scope of modification accounting for share-based payment arrangements; the AICPA’s release of revenue working drafts for broker-dealers and depository and lending institutions; and the SEC’s issuance of a report on the modernization and simplification of Regulation S-K.

  • Real Estate — Accounting and Financial Reporting Update (2016) Image
  • Real Estate — Accounting and Financial Reporting Update (2016)

    published Dec 02, 2016

    The ninth edition of our annual update highlights selected accounting and reporting developments that may be of interest to real estate entities. Among other topics, the publication discusses the issuance of (1) new guidance on the accounting for leases and the impairment of financial instruments, (2) new guidance to clarify the classification of certain cash receipts and payments in the statement of cash flows, and (3) refinements to the FASB’s new guidance on the recognition of revenue from contracts with customers.

  • Heads Up — FASB proposes to amend the scope of modification accounting for share-based payment arrangements Image
  • Heads Up — FASB proposes to amend the scope of modification accounting for share-based payment arrangements

    published Nov 18, 2016

    This Heads Up discusses the FASB’s proposed Accounting Standards Update Scope of Modification Accounting. The proposal provides guidance on the types of changes to the terms or conditions of share-based payment awards to which an entity would be required to apply modification accounting under ASC 718. Specifically, an entity would not apply modification accounting if the fair value, vesting conditions, and classification of the awards are the same immediately before and after the modification.

  • EITF Snapshot — November 2016 Image
  • EITF Snapshot — November 2016

    published Nov 18, 2016

    This issue summarizes the topics discussed and conclusions reached at the November 17, 2016, meeting of the Emerging Issues Task Force.

  • Heads Up — FASB issues guidance on restricted cash Image
  • Heads Up — FASB issues guidance on restricted cash

    published Nov 17, 2016

    This Heads Up discusses the FASB’s Accounting Standards Update (ASU) Restricted Cash, which amends the guidance on the classification and presentation of restricted cash in the statement of cash flows. The ASU is based on the consensuses reached by the Emerging Issues Task Force on Issue No. 16-A, “Statement of Cash Flows: Restricted Cash.”

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