On the Radar
A brief, high-level summary of emerging issues and trends related to the accounting and financial reporting topics addressed in Deloitte’s Roadmaps.
A brief, high-level summary of emerging issues and trends related to the accounting and financial reporting topics addressed in Deloitte’s Roadmaps.
10 May 2024
This publication briefly summarizes issues an entity must consider when applying the accounting guidance in ASC 280.
10 Apr 2024
This publication briefly summarizes key issues and developments related to applying the accounting and disclosure guidance in ASC 820 and ASC 825.
08 Apr 2024
Although the guidance in ASC 450 on accounting for contingencies has not changed significantly for decades, it is often challenging to apply because of the need for an entity to use significant judgment in doing so (e.g., when developing legal interpretations). Similarly, the guidance in ASC 460 on accounting for guarantee liabilities, which has existed for two decades, is often difficult to apply because the determination of whether an arrangement constitutes a guarantee is complex.
04 Apr 2024
Determining whether a transfer of financial assets or servicing rights qualifies as a sale for financial reporting purposes can be time-consuming and complex. An entity must consider both the form and substance of the transfer. As part of such an analysis, the entity would evaluate relevant legal and accounting rules and interpretations and generally must consult legal experts. The outcome of this analysis could significantly affect the classification, measurement, and earnings impact of the transaction as well as the related financial statement ratios. This guidance has not significantly changed for more than a decade, and no changes are expected in the near term.
04 Apr 2024
This publication briefly summarizes key issues and developments related to applying the guidance on the issuer’s accounting for debt arrangements (including convertible debt).
03 Apr 2024
This publication briefly summarizes key issues and developments related to applying the guidance in ASC 480.
02 Apr 2024
Many entities operate in multiple countries. When an entity’s financial statements include foreign operations, the entity must consolidate those foreign entities and present them as though they were the financial statements of a single reporting entity. This process of translating the accounts of foreign entities is addressed in ASC 830, which has existed for decades without recent substantial changes, and is known as the “functional-currency approach.”
01 Apr 2024
Entities raising capital must apply the highly complex, rules-based guidance in U.S. GAAP to determine whether (1) freestanding contracts such as warrants, options, and forwards to sell equity shares are classified as liabilities or equity instruments and (2) convertible instruments contain embedded equity features that require separate accounting as derivative liabilities.
17 Jan 2024
This publication briefly summarizes key issues related to the accounting for and reporting of greenhouse gas (GHG) emissions under the GHG Protocol, including (1) classifying GHG emissions into Scopes 1, 2 and 3; (2) defining the reporting company’s organizational boundary; and (3) setting GHG emission targets.
19 Dec 2023
This publication briefly summarizes key issues and developments related to this topic, including the FASB’s issuance of ASU 2023-02 (proportional amortization method) and ASU 2023-05 (accounting by a joint venture).
18 Dec 2023
This publication briefly summarizes key financial reporting considerations related to applying the leasing guidance in ASC 842.
08 Dec 2023
This publication briefly summarizes key issues related to the income tax accounting in ASC 740.
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