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.
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.
07 Dec 2023
This publication briefly summarizes key issues and developments related to this topic, including determining whether an acquisition should be accounted for as a business combination or an asset acquisition and applying the acquisition method of accounting.
01 Dec 2023
This publication briefly summarizes key issues related to the accounting for noncontrolling interests — specifically, attribution of net income or loss, the treatment of redeemable noncontrolling interests, accounting for changes in a parent’s ownership interest, and presentation and disclosure.
01 Dec 2023
This publication briefly summarizes key issues related to the accounting for revenue from contracts with customers under ASC 606, including (1) the identification of performance obligations, (2) principal-versus-agent considerations, (3) the estimation and allocation of variable consideration, (4) licensing, and (5) financial statement disclosures. It also reflects recent developments related to the FASB’s postimplementation review process for evaluating whether the revenue standard is achieving its objective.
27 Nov 2023
Long-lived assets within the scope of ASC 360-10 are accounted for and tested for impairment differently depending on the entity’s intent regarding the assets. Long-lived assets that the entity intends to hold and use in its operations, including long-lived assets that the entity intends to abandon, distribute to owners, or exchange in a nonmonetary transaction accounted for at carrying amount, are tested for impairment when a triggering event occurs by performing a two-step recoverability test. By contrast, long-lived assets that the entity intends to sell are tested for impairment upon classification as held for sale and in each subsequent reporting period by comparing their carrying amount with their fair value less costs to sell.
22 Nov 2023
This publication briefly summarizes key financial reporting considerations related to the accounting for hedges, including the type of hedge and the qualifications for applying hedge accounting.
13 Nov 2023
The global business landscape has been changing rapidly, with higher interest rates, tightening credit, inflation, supply-chain and labor issues, geopolitical, and concerns about the real estate and banking sectors affecting markets worldwide over the past few years. As these trends persist, the transformative effects of generative artificial intelligence (often referred to as “gen AI”) may also have a significant impact on financial markets. The SEC continues to undertake rulemaking and provide registrants with proactive guidance as needed to respond to recent market developments while conducting ongoing reviews and oversight to protect investors.
07 Nov 2023
This publication briefly summarizes issues an entity should consider when accounting for (1) environmental obligations under ASC 410-30 and (2) asset retirement obligations under ASC 410-20.
06 Nov 2023
This publication briefly summarizes key issues and developments related to navigating the often-complex consolidation accounting models.
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