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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Learn about the changes to the disclosure requirements for income taxes.

FASB proposes updates to income tax disclosure requirements

July 29, 2016

On July 26, 2016, the FASB issued a proposed ASU that would modify or eliminate certain disclosure requirements related to income taxes as well as establish new requirements. Comments on the proposed ASU are due by September 30, 2016.

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Learn about controls and non-GAAP measures.

Controls and non-GAAP measures

July 19, 2016

As part of its current focus on non-GAAP measures, the SEC has questioned whether companies and audit committees have implemented appropriate controls regarding the disclosure of such measures. This Heads Up discusses the types of controls that could be established and provides high-level examples of control issues and related responses for consideration in connection with non-GAAP measures.

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Learn about the SEC's proposal to eliminate outdated and duplicative disclosure requirements.

SEC proposes to eliminate outdated and duplicative disclosure requirements

July 18, 2016

This Heads Up discusses the SEC’s July 13, 2016, proposed rule, Disclosure Update and Simplification, which would amend certain of the Commission’s disclosure requirements that may be redundant, duplicative, or outdated, or may overlap with other SEC, U.S. GAAP, or IFRS disclosure requirements. The proposal also seeks comment on whether certain of the SEC’s disclosure requirements that overlap with U.S. GAAP requirements should be retained, modified, eliminated, or referred to the FASB for potential incorporation into U.S. GAAP.

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Learn about FASB's new standard on leases.

FASB's new standard brings most leases onto the balance sheet

March 1, 2016
Updated July 12, 2016

As a result of discussions with the FASB staff after the issuance of these publications, we have revised our interpretive guidance on the income recognition pattern related to lessor accounting for operating leases.

This Heads Up discusses FASB Accounting Standards Update (ASU) No. 2016-02, the Board’s new standard on leases, which introduces a new lessee model that brings substantially all leases onto the balance sheet. In addition, while the new standard retains most of the principles of the existing lessor model in U.S. GAAP, it aligns many of those principles with the FASB’s new revenue guidance. This issue provides a comprehensive overview of the new leases accounting model under ASU 2016-02 and highlights a number of implementation considerations.

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Learn about frequently asked questions regarding FASB's ASU 2016-09.

Frequently asked questions about ASU 2016-09

June 20, 2016

This Heads Up contains 33 frequently asked questions and answers on a number of topics that have arisen as a result of the implementation of FASB Accounting Standards Update (ASU) No. 2016-09, "Improvements to Employee Share-Based Payment Accounting," which was issued in March of this year. The Heads Up supplements our April 21, 2016, Heads Up on the ASU, which provides a comprehensive discussion of the ASU’s key provisions.

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Robert Uhl

Partner | Deloitte & Touche LLP


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