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  • Sustainability Accounting Standards Board (SASB) lt green Image
  • SASB issues industry-specific sustainability accounting standards

    Nov 08, 2018

    The Sustainability Accounting Standards Board (SASB) has issued the world's first set of industry-specific sustainability accounting standards, which address financially material issues in 77 industries. The purpose of the standards is to provide investors with in-depth information about the impact of a company’s actions on society and the environment.

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  • FASB discusses lessor accounting

    Nov 01, 2018

    At its October 31, 2018, meeting, the FASB discussed its project on narrow-scope improvements to lessor accounting.

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  • Heads Up — FASB amends guidance on collaborative arrangements Image
  • Heads Up — FASB amends guidance on collaborative arrangements

    published Nov 13, 2018

    This Heads Up discusses the FASB’s recently issued Accounting Standards Update (ASU) No. 2018-18, "Clarifying the Interaction Between Topic 808 and Topic 606," which amends ASC 808 to clarify when transactions between participants in a collaborative arrangement under ASC 808 are within the scope of the FASB’s new revenue standard.

  • IFRS in Focus — IASB amends the definition of material Image
  • IFRS in Focus — IASB amends the definition of material

    published Nov 13, 2018

    This issue addresses the recent amendments to IAS 1 'Presentation of Financial Statements' and IAS 8 'Accounting Policies, Changes in Accounting Estimates and Errors' that have been published by the International Accounting Standards Board (IASB). The amendments are titled 'Definition of Material—Amendments to IAS 1 and IAS 8'.

  • A Roadmap to SEC Comment Letter Considerations, Including Industry Insights (2018) Image
  • A Roadmap to SEC Comment Letter Considerations, Including Industry Insights (2018)

    published Nov 06, 2018

    This publication contains extracts of frequently issued SEC staff comments, analysis of those extracts, and links to resources that are relevant to SEC filers. The 2018 edition features (1) an update on the SEC’s priorities; (2) a summary of comment letter trends related to the top 10 topics of frequent comment in the 12-month period ended July 31, 2018; and (3) topics of focus related to disclosures associated with financial statement accounting, SEC reporting, initial public offerings, foreign private issuers, and industry-specific matters.

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  • CFO Insights — What's keeping CFOs up at night in 2018?

    published Nov 01, 2018

    This issue discusses concerns growth concerns CFO have, along with seven others, drawn from the resources of Deloitte’s U.S. CFO Program, which include our Next Generation CFO Academies, CFO Transition Lab™ sessions, CFO Forums, CFO Vision™ conferences, and the quarterly CFO Signals survey.

  • Accounting Journal Entries Image
  • Journal entry — FASB decides to perform additional research on issues related to simplifying the balance sheet classification of debt

    published Oct 25, 2018

    At its August 22, 2018, meeting, the FASB reversed its decision that if a long-term financing arrangement is in place as of the balance sheet date (e.g., an unused line of credit with the same or a different lender), the amount of current maturities for any other debt arrangements would be (1) reduced by the unused amount of the long-term financing arrangement up to the amount of the current maturities and (2) classified as a noncurrent liability. The reversal applied to all entities. In response to this decision, constituents provided feedback that this reversal could have a significant impact on the health care industry. This issue was discussed in further detail at the FASB’s October 24, 2018, board meeting.

  • A Roadmap to Accounting for Contracts on an Entity’s Own Equity (2018) Image
  • A Roadmap to Accounting for Contracts on an Entity’s Own Equity (2018)

    published Oct 25, 2018

    The 2018 edition of A Roadmap to Accounting for Contracts on an Entity’s Own Equity provides an overview of the guidance in ASC 815-40 as well as insights into and interpretations of how to apply it in practice. For ease of reference, we have accompanied our discussion with the related authoritative text. This edition reflects changes to the guidance introduced by the FASB’s issuance of ASU 2018-07 in June 2018.

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