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  • FASB (US Financial Accounting Standards Board) Image
  • FAF appoints new FASB member

    Apr 18, 2019

    The trustees of the Financial Accounting Foundation (FAF) have appointed Susan Cosper to the FASB for a five-year term beginning on May 1, 2019.

  • FASB meeting Image
  • Highlights of the FASB’s April 10 meeting

    Apr 11, 2019

    At its April 10, 2019, meeting, the FASB discussed (1) simplifications to accounting for income taxes, (2) financial instruments — credit losses — targeted transition relief, (3) extending private-company accounting alternatives related to certain identifiable intangible assets and goodwill to not-for-profit entities, and (4) segment reporting.

  • PCC meeting Image
  • PCC holds April 2019 meeting

    Apr 11, 2019

    At its April 1–2, 2019, meeting, the Private Company Council (PCC) discussed the FASB’s projects on (1) the practical expedient related to measuring the grant-date fair value of equity-classified share-based payment awards, (2) implementation topics, (3) distinguishing liabilities from equity, (4) disclosures by business entities about government assistance, (5) financial performance reporting, (6) simplifying the balance sheet classification of debt, (7) an issue related to the disaggregation of state-level income tax information, and (8) codifying SEC disclosures.

  • FASB meeting Image
  • Highlights of the FASB’s April 3 meeting

    Apr 04, 2019

    At its April 3, 2019, meeting, the FASB discussed (1) implementation issues related to credit losses and (2) distinguishing liabilities from equity (including convertible debt).

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  • CFO Insights — Finance 2025: Are you ready? Image
  • CFO Insights — Finance 2025: Are you ready?

    published Apr 18, 2019

    This issue discusses what research reveals about the finance function of 2025, the strides finance leaders can take to add maximum value in an emerging digital world, and why CFOs should be energized by the journey ahead.

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  • Audit Committee Brief — April 2019

    published Apr 17, 2019

    This edition highlights recent news items, publications, articles, and other topics of interest to audit committee members, with links for further information.

  • Power & Utilities Spotlight — Deploying new tools to elevate risk management as power and utilities companies become more digital Image
  • Power & Utilities Spotlight — Deploying new tools to elevate risk management as power and utilities companies become more digital

    published Apr 15, 2019

    This Power & Utilities Spotlight summarizes the discussions held during the risk management roundtable hosted by Deloitte in October 2018. Topics discussed included (1) the enterprise risk management (ERM) 2.0 framework and its capabilities, (2) scenario planning and the role of ERM, (3) the risk-based decision framework of the California Public Utilities Commission, (4) extended enterprise risk management and third-party risk management, (5) the future of the digital utility and risks stemming from digitization, and (6) using risk appetite in business decisions.

  • IFRS on Point — March 2019  Image
  • IFRS on Point — March 2019

    published Apr 15, 2019

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

  • Accounting Spotlight — Revenue recognition — Accounting for costs of obtaining a contract Image
  • Accounting Spotlight — Revenue recognition — Accounting for costs of obtaining a contract

    published Apr 05, 2019

    This Accounting Spotlight discusses whether particular costs, such as salaries, commissions, and bonus payments, are incremental costs of obtaining a contract with a customer and therefore should be capitalized under the cost guidance of the new revenue standard as codified in ASC 340-40. It also highlights considerations for determining the amortization period for capitalized costs of obtaining a contract with a customer in accordance with that guidance.

  • Heads Up — FASB proposes changes to income tax disclosure requirements Image
  • Heads Up — FASB proposes changes to income tax disclosure requirements

    published Mar 29, 2019

    This Heads Up discusses the FASB’s March 25, 2019, proposed ASU, "Disclosure Framework — Changes to the Disclosure Requirements for Income Taxes," and compares it with the Board’s initial exposure draft on this topic, which was issued in July 2016. In addition to modifying or eliminating certain existing income tax disclosure requirements, the proposed ASU would prescribe several new requirements.

  • Heads Up — The new revenue standard — A look at SEC feedback in year 1 Image
  • Heads Up — The new revenue standard — A look at SEC feedback in year 1

    published Mar 28, 2019

    This Heads Up offers an overview of the feedback the SEC has provided to registrants about their implementation of the FASB’s new revenue standard, ASC 606, "Revenue From Contracts With Customers." The newsletter highlights some key themes regarding the application of ASC 606 (related to accounting and disclosure requirements) that we noted in our review of approximately 400 SEC staff comments issued to date and presents examples of those comments.

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