Credit Losses on Financial Instruments: Changes Issued and Changes Proposed
The FASB is making a number of targeted changes to its new standard related to accounting for credit losses on financial instruments known as the…
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FASB Proposes Improvements to Income Tax Disclosures
The FASB has issued revised proposed Accounting Standards Update (ASU), Income Taxes (Topic 740) – Disclosure Framework—Changes to the Disclosure Requirements for Income Taxes –…
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PCAOB Issues Guidance for CAM Rules
The Public Company Accounting Oversight Board (PCAOB) has released three staff guidance documents developed to support implementation of the new critical audit matter (CAM) requirements. These…
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SEC Adopts Rules to Modernize and Simplify Disclosure
The SEC adopted amendments to modernize and simplify disclosure requirements for public companies, investment advisers, and investment companies. The SEC indicated that these “amendments are…
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SEC Publishes Securities Transaction Fee Rate Advisory
The SEC announced that starting on April 16, 2019, the fee rates applicable to most securities transactions will be set at $20.70 per million dollars.…
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FASB Improves Accounting for Series Television
The Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) No. 2019-02, Entertainment—Films—Other Assets—Film Costs (Subtopic 926-20) and Entertainment—Broadcasters—Intangibles—Goodwill and Other (Subtopic 920-350):…
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FASB Clarifies Lease Implementation Guidance for Lessors
The Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) 2019-01, Leases (Topic 842): Codification Improvements. ASU 2019-01 provides lease implementation guidance for…
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GASB Proposes Implementation Guide on Leases
The Governmental Accounting Standards Board (GASB) has issued an Exposure Draft of the proposed Implementation Guide, Leases. The Exposure Draft includes contains questions and answers on government…
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Private Companies Should Begin to Focus on Lease Accounting Changes
Private companies can ease the pain of implementing the new lease accounting standards by leveraging the lessons learned by public entities as they implemented the…
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AICPA SEC and PCAOB Conference Highlights
AICPA SEC and PCAOB Conference Highlights Representatives from CCH Accounting Research Manager are attending the annual “AICPA Conference on Current SEC and PCAOB Developments.” This conference is…
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