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The #1 website for global accounting news
  • IASB (International Accounting Standards Board) (blue) Image
  • Updated IASB work plan — Analysis

    18 May 2019

    Following the IASB's May 2019 meeting, we have analysed the IASB work plan to see what changes have resulted from the meeting and other developments since the work plan was last revised in April. Changes are few, however, not all known developments are reflected in the work plan yet.

  • IASB meeting (blue) Image
  • May 2019 IASB meeting notes posted

    17 May 2019

    The IASB met in London on 14–16 May 2019. We have posted our comprehensive Deloitte observer notes for all projects discussed during the meeting.

  • EFRAG document (dk green) Image
  • EFRAG publishes discussion paper on pension plans with an asset-return promise

    15 May 2019

    The European Financial Reporting Advisory Group (EFRAG) has published a discussion paper (DP) 'Accounting for Pension Plans With an Asset-Return Promise'. The DP explores alternative accounting treatments for post-retirement employee benefits, promising the higher of the return on an identified item or group of items and a minimum guaranteed return.

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  • Heads Up — FASB issues targeted transition relief for entities adopting ASU 2016-13  Image
  • Heads Up — FASB issues targeted transition relief for entities adopting ASU 2016-13

    published 15 May 2019

    This Heads Up discusses the key provisions of the FASB’s recently issued Accounting Standards Update (ASU) No. 2019-05, "Targeted Transition Relief," which provides transition relief to entities adopting ASU 2016-13, "Measurement of Credit Losses on Financial Instruments." The amendments in ASU 2019-05 allow entities to elect the fair value option on certain financial instruments.

  • Heads Up — SEC proposes to ease qualifications for nonaccelerated filer status  Image
  • Heads Up — SEC proposes to ease qualifications for nonaccelerated filer status

    published 14 May 2019

    This Heads Up discusses the SEC’s recently issued proposed rule Amendments to the "Accelerated Filer and Large Accelerated Filer Definitions," which would revise the definitions of “accelerated filer” and “large accelerated filer” to exclude any issuer with both annual revenues of less than $100 million and public float of less than $700 million. The proposed amendments would expand the number of issuers that qualify as nonaccelerated filers and are thus eligible to take advantage of certain reporting accommodations offered to such issuers.

  • Heads Up — SEC proposes improvements to disclosures for business acquisitions and dispositions Image
  • Heads Up — SEC proposes improvements to disclosures for business acquisitions and dispositions

    published 09 May 2019

    This Heads Up discusses the SEC’s recently issued proposed rule "Amendments to Financial Disclosures About Acquired and Disposed Businesses," which would amend the financial statement requirements for acquisitions and dispositions of businesses, including real estate operations, and related pro forma financial information. These changes are intended to improve the information investors receive regarding acquired or disposed businesses, reduce complexity and costs of preparing the required disclosures, and facilitate timely access to capital.

  • Heads Up — FASB issues narrow financial instrument accounting updates Image
  • Heads Up — FASB issues narrow financial instrument accounting updates

    published 07 May 2019

    This Heads Up discusses the key provisions of the FASB’s recently issued Accounting Standards Update (ASU) 2019-04, which clarifies certain aspects of accounting for credit losses, hedging activities, and financial instruments. The ASU’s amendments apply to all entities within the scope of the affected guidance. Many of the amendments reflect decisions reached at FASB meetings or meetings of the Board’s credit losses transition resource group.

  • IFRS on Point — April 2019  Image
  • IFRS on Point — April 2019

    published 07 May 2019

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

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