Accounting Journal Entries
Deloitte Accounting Journal Entries briefly summarize the newest developments in U.S. accounting standard setting, usually on the same day they occur.
Oct 22, 2019
At its October 16, 2019, meeting, the FASB reached tentative decisions related to its project on last-of-layer hedging.
Oct 18, 2019
At its meeting on October 16, 2019, the FASB concluded deliberations on two proposed Accounting Standards Updates (ASUs) related to the amended effective dates for (1) the credit losses, derivatives and hedging, and leases standards and (2) the insurance standard.
Sep 19, 2019
At its September 18, 2019, meeting, the FASB discussed stakeholder feedback on its June 27, 2019, proposed Accounting Standards Update (ASU) that would amend certain aspects of the Board’s new credit losses standard, ASU 2016-13. The FASB also discussed agenda requests related to clarifying the interaction between ASC 805 and ASC 326.
Sep 13, 2019
Zimbabwe has used bond notes pegged to the U.S. dollar (USD) as its local currency since 2009. Over the last year, the consumer price index (CPI) inflation in Zimbabwe began to rise. In February 2019, Zimbabwe reinstated a local currency, the Real Time Gross Settlement (RTGS) dollar, and allowed the value to float against the USD thus causing an acceleration of the increase in CPI inflation. As a result of the rising CPI, the cumulative three-year inflation rate for the period ended June 30, 2019, now exceeds 100 percent.
Aug 05, 2019
At its July 31, 2019, meeting, the FASB reached tentative decisions related to proposed Codification improvements to the hedge accounting guidance.
Aug 01, 2019
At its meeting on July 31, 2019, the FASB discussed feedback on its proposed Accounting Standards Update (ASU) on the accounting for share-based consideration payable to a customer.
Jul 22, 2019
At its July 17, 2019, meeting, the FASB continued to discuss its reference rate reform project.
Jul 18, 2019
On July 17, 2019, the FASB discussed, in a non-decision-making meeting, accounting for impairment of operating lease receivables.
Jun 26, 2019
At its June 19, 2019, meeting, the FASB discussed (1) reference rate reform, (2) distinguishing liabilities from equity, and (3) conceptual framework.
Jun 05, 2019
At its meeting today, the FASB decided to issue a proposed ASU on improvements to measurement of credit losses.
May 16, 2019
At its May 8, 2019, meeting, the FASB reached tentative decisions related to certain implementation issues of ASU 2017-12, "Targeted Improvements to Accounting for Hedging Activities."
May 10, 2019
At its May 8, 2019, meeting, the FASB decided to add the following two projects to the Emerging Issues Task Force’s (EITF’s) technical agenda: (1) Financial Instruments — Clarifying the Interactions Between Topic 321 and Topic 323; and (2) Revenue Recognition — Contract Modifications of Licenses of Intellectual Property.
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