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Heads Up

Latest accounting and regulatory developments

Periodic newsletters that analyze important accounting developments, such as new FASB and IASB pronouncements or exposure drafts. Concise examples and answers to frequently asked questions assist readers in understanding and implementing the critical guidance.

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Top 10 questions to ask when using a non-GAAP measure

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Learn about the considerations for companies that use non-GAAP measures.

April 7, 2016

This issue discusses considerations for companies that use non-GAAP measures in preparing earnings releases and periodic filings for first-quarter 2016 and future reporting periods.

FASB simplifies the accounting for share-based payments

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Learn about the simplification of share-based payment transactions.

March 31, 2016

This issue discusses the FASB’s recently issued Accounting Standards Update No. 2016-09, Improvements to Employee Share-Based Payment Accounting, which simplifies several aspects of the accounting for employee share-based payment transactions for both public and nonpublic entities, including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statement of cash flows.

FASB clarifies the new revenue standard’s principal-versus-agent guidance

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Learn about revised principal-versus-agent implementation guidance and illustrations.

March 22, 2016

This issue discusses the FASB's recently issued Accounting Standards Update (ASU) No. 2016-08, Principal Versus Agent Considerations (Reporting Revenue Gross Versus Net), which amends the principal-versus-agent implementation guidance and illustrations in the Board’s new revenue standard. The FASB issued the ASU in response to concerns identified by stakeholders, including those related to (1) determining the appropriate unit of account under the revenue standard’s principal-versus-agent guidance and (2) applying the indicators of whether an entity is a principal or an agent in accordance with the revenue standard’s control principle.

FASB changes the effective date and transition guidance in certain private-company ASUs

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Learn about FASB’s recently issued ASU on private-company issues.

March 16, 2016

This issue discusses the FASB’s recently issued Accounting Standards Update (ASU) No. 2016-03, Effective Date and Transition Guidance, which gives private companies a one-time unconditional option to forgo a preferability assessment the first time they elect a private-company accounting alternative within the ASU’s scope. It also eliminates the effective dates of private-company accounting alternatives that are within the ASU’s scope and extends the transition guidance for such alternatives indefinitely.

FASB issues ASUs in response to EITF consensuses

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Learn about three EITF-related ASUs issued by the FASB.

March 16, 2016

This issue discusses three Accounting Standards Updates, which were recently issued by the FASB in response to consensuses reached by the Emerging Issues Task Force. The ASU are Recognition of Breakage for Certain Prepaid Stored-Value Products (ASU 2016-04), Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships (ASU 2016-05), and Contingent Put and Call Options in Debt Instruments (ASU 2016-06).

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