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Banking & Securities — Accounting and Financial Reporting Update (2016)

Published on: Nov 04, 2016

The ninth edition of our annual banking and securities (B&S) update high­lights se­lected ac­count­ing and re­port­ing de­vel­op­ments that may be of in­ter­est to B&S en­ti­ties. Among other topics, the publication discusses the issuance of new guidance on (1) the measurement of credit losses on financial instruments, (2) classification and measurement of financial instruments, and (3) the accounting for leases. Also discussed are the issuance of refinements to the new guidance on recognition of revenue from contracts with customers and the SEC’s continued focus on rulemaking, particularly regarding its completion of mandated actions under the Dodd-Frank Act.

The publication is divided into three sections: “Updates to Guidance,” “On the Horizon,” and “Other Topics,” and it includes a table that lists accounting pronouncements that became effective in 2016.


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