Accounting Roundup – April 2010

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05 May 2010

We have posted the April 2010 Edition of Accounting Roundup published by Deloitte & Touche LLP (United States). The newsletter is now organised by topic rather than by standard-setter.

Topics covered in this issue include:

Cash Flows

  • Effect of ASUs 2009-16 and 2009-17 on Presentation of Trade Receivable Financing Arrangements in the Statement of Cash Flows
Consolidations
  • CAQ Publishes Alert on ICFR Requirements for Entities Newly Consolidated Under Statement 167 (Codified in ASC 810)
  • CAQ Publishes Alert on Statement 167 (Codified in ASC 810) Practice Issues
Distinguishing Liabilities From Equity
  • An Update on the FASB's and IASB's Joint Project on Financial Instruments With Characteristics of Equity Fair Value Measurements and Disclosures
  • Valuation Resource Group Discusses Four Topics at April 12 Meeting
  • Financial Reporting Considerations Related to Implementation of Fair Value Measurement Disclosures Required by ASU 2010-06
Income Taxes
  • SEC Staff Announcement on Accounting for the Different Enactment Dates of the Health Care Reform Bill and Reconciliation Measure
  • Significant Changes to Statute of Limitations Under the HIRE Act
Receivables
  • FASB Issues ASU on the Effect of a Loan Modification When the Loan Is Part of a Pool That Is Accounted for as a Single
Asset Retirement Benefits
  • IASB Issues Exposure Draft on Improvements to Defined Benefit Accounting
  • Health Care Legislation - Impact on Employee Benefits Accounting
Revenue Recognition
  • FASB Issues ASU on Milestone Method of Revenue Recognition
Stock Compensation
  • FASB Issues ASU on the Effect of Denominating the Exercise Price of a Share-Based Payment Award in the Currency of the Market in Which the Underlying Equity Security Primarily Trades
Transfers and Servicing
  • FASB Chairman Sends Letter to House Financial Services Committee Explaining Accounting Guidance Relevant to Lehman Accounting Practices
Industry Accounting
  • FASB Issues ASU on Accruals for Casino Base Jackpot Liabilities
  • FASB Issues ASU on How Investments Held Through Separate Accounts Affect an Insurer's Consolidation Analysis of Those Investments
  • FASB Issues ASU to Amend SEC Content Within Oil and Gas Guidance
  • FASB Issues Exposure Draft on Measuring Charity Care for Disclosure
  • FASB Issues Exposure Draft on Presentation of Insurance Claims and Related Insurance Recoveries
  • IASB Publishes Discussion Paper on Extractive Activities
Other Accounting
  • A Summary of the Financial Reporting and Disclosure Implications of the Health Care Reform Legislation
  • FAF/FASB and XBRL US Labs Announce Research Initiative
  • FAF Names Louis Matherne as FASB Chief of Taxonomy Development
Other SEC Matters
  • SEC Issues Proposed Rule on Large Trader Reporting System SEC Issues Proposed Rule on Access to Listed Options Exchanges
  • SEC Issues Proposed Rule on Asset-Backed Securities
  • SEC Publishes Final Rule on Adoption of Updated Edgar Filer Manual
  • SEC Regulations Committee Releases Highlights of September 2009 Meeting
Other Auditing
  • A Summary of the April 7-8 Meeting of the PCAOB's Standing Advisory Group
  • PCAOB Issues Staff Audit Practice Alert on Significant Unusual Transactions
  • PCAOB Issues Proposed Auditing Standard on Communications With Audit Committees
  • AICPA Issues Standard for Reporting on Controls at a Service Organization
FASAB Matters
  • FASAB Issues Standard on Financial Reporting for Social Insurance Programs
  • FASAB Issues Standard on Accounting for Federal Oil and Gas Resources
Other International
  • IASC Foundation Releases IFRS Taxonomy 2010
  • Paul Pacter Appointed to the IASB
  • IASB and FASB Issue Quarterly Progress Report on Commitment to the Memorandum of Understanding

 
You will find past issues of Accounting Roundup Here.

 

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