Tax & Accounting Blog
Tax & Accounting Blog
FASB issues narrow-scope improvements to credit losses standard. An Accounting Standards Update (ASU) made these improvements that addresses issues raised by stakeholders. These issues were raised during…
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The FASB issued two Accounting Standards Updates (ASUs) that finalize various effective date delays for standards on current expected credit losses (CECL), leases, hedging, and…
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The FASB issues ASU No. 2019-08, Compensation—Stock Compensation (Topic 718) and Revenue from Contracts with Customers (Topic 606): Codification Improvements—Share-Based Consideration Payable to a Customer,…
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The FASB amends the effective dates for the CECL, Hedging, Leases and Insurance Standards, as follows, which are consistent with the related proposed ASUs: –…
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The FASB proposes debt guidance for public comment. This proposal is intended to improve guidance used to determine whether debt should be classified as a current or noncurrent liability…
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Proposal The FASB proposed an ASU on long-duration contracts today. The FASB issues proposed Accounting Standards Update (ASU) that would grant all insurance companies that issue…
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The FASB has issued an exposure draft proposing to improve guidance on distinguishing liabilities from equity, including convertible instruments. Stakeholders are asked to review and provide…
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The FASB voted to defer the effective date for several of its recent accounting standards. The FASB voted to adopt a two-bucket approach to stagger…
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The FASB issues Invitation to Comment (ITC) seeking stakeholder input on the accounting for certain identifiable intangible assets. This includes those acquired in a business combination…
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The FASB issued a proposed Accounting Standards Update (ASU) that proposes narrow-scope amendments to CECL. Specifically, it addresses items raised by stakeholders in implementing ASU No.…
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