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In this edition of CFO Insights, we’ll explore how bitcoin has earned Wall Street’s interest and discuss whether the upside is such that it deserves yours. In addition, we’ll ask how evolved are the tax and accounting rules around digital assets? What are the options for safekeeping? And what’s the most persuasive use case for it—as a hedge against inflation, an alternative to gold, or merely a bold demographic flex?
Entities raising capital must apply the highly complex, rules-based guidance in U.S. GAAP to determine whether the securities they issue are classified as liabilities, permanent equity, or temporary equity. To reach the proper accounting conclusion, they must consider key questions.
SEC Acting Chair Allison H. Lee released a statement directing the Division of Corporation Finance to review existing guidance on climate change and requested input from interested parties on climate-related and other environmental, social, and governance (ESG) disclosures. Other important developments at the SEC include the issuance of disclosure guidance for special-purpose acquisition companies (SPACs)
This Heads Up discusses the SEC’s recently issued request for input on climate-change disclosures. Interested parties are encouraged to provide feedback to the SEC by June 13, 2021.
This Financial Reporting Alert has been updated to reflect additional interpretive guidance on financial statement presentation for reverse recapitalizations, classifying share-settleable earn-out arrangements, and the availability of nonpublic review for registration statements on Form S-4. It also includes considerations related to CF Disclosure Guidance Topic 11 as well as recently adopted amendments to Regulation S-K.
This IFRS in Focus outlines the proposed amendment to IFRS 16 Leases set out in ED/2021/2 Covid-19-Related Rent Concessions beyond June 30, 2021, published by the International Accounting Standards Board (Board) in February 2021.
This publication takes a strategic look at what are likely to be the most common hot topics for the upcoming financial reports, whether annual or interim.
This publication focuses on some of the most common and significant differences that may affect financial statements when converting from U.S. GAAP to IFRS Standards and vice versa.
The latest edition of our annual update highlights selected accounting and reporting developments that may be of interest to insurance entities. The most notable standard-setting development for insurers in 2020 was the FASB’s decision to defer the effective date of ASU 2018-12 for all insurance entities by one year and to amend the ASU’s early application provisions.
The latest edition of our annual update highlights selected accounting and reporting developments that may be of interest to real estate entities. Developments in 2020 include the FASB’s issuance of an ASU that allows companies to defer adoption of the Board’s new standards on revenue recognition (ASC 606) and leasing (ASC 842) in light of the coronavirus disease 2019 pandemic. This publication also discusses additional SEC reporting implications for real estate entities related to the guidance in ASC 842 as well as the guidance on income taxes (ASC 740), consolidation (ASC 810), and other topics.
