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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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FASB proposes guidance on cash flow classification

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Learn about the FASB's recently issued proposed ASU on cash flow classification.

February 4, 2016

This issue discusses the FASB’s recently issued proposed Accounting Standards Update (ASU) Classification of Certain Cash Receipts and Cash Payments, which would amend ASC 230 to add or clarify guidance on the classification of certain cash receipts and payments in the statement of cash flows. While ASC 230 provides some guidance on certain cash payments and receipts that are classified as operating, investing, or financing activities, it lacks consistent principles for evaluating the classification of cash payments and receipts in the statement of cash flows. The proposed ASU results from consensuses reached by the FASB’s Emerging Issues Task Force on eight issues related to cash flows.

Heads Up — FASB proposes guidance on presentation of net periodic benefit cost and disclosures related to defined benefit plans

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Learn about changes to the disclosure requirements for defined benefit plans

January 28, 2016

This issue discusses two proposed ASUs recently issued by the FASB: Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost and Changes to the Disclosure Requirements for Defined Benefit PlansThe proposed ASUs would amend the requirements in ASC 715 related to (1) the income statement presentation of the components of net periodic benefit cost for the defined benefit pension and other postretirement plans an entity sponsors and (2) disclosures about those defined benefit plans.

The new revenue standard — Adoption and transition observations

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Learn about implementation considerations related to the new revenue standard.

January 14, 2016

This issue discusses certain considerations related to implementing the FASB’s and IASB’s new revenue standard, "Revenue From Contracts With Customers." The discussion centers on the results of a Deloitte-sponsored survey in which respondents were asked various questions pertaining to their readiness to adopt the standard’s provisions.

FASB amends guidance on classification and measurement of financial instruments

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Learn about FASB's ASU related to classification and measurement of financial instruments.

January 12, 2016

This issue discusses FASB Accounting Standards Update (ASU) No. 2016-01, "Recognition and Measurement of Financial Assets and Financial Liabilities," which amends the guidance in U.S. GAAP on the classification and measurement of financial instruments. Although the ASU retains many current requirements, it significantly revises an entity’s accounting related to (1) the classification and measurement of investments in equity securities and (2) the presentation of certain fair value changes for financial liabilities measured at fair value. The ASU also amends certain disclosure requirements associated with the fair value of financial instruments.

Highlights of the 2015 AICPA Conference on Current SEC and PCAOB Developments

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Learn about this year's three-day AICPA Conference on Current SEC and PCAOB Developments.

December 15, 2015

This issue extracts key insights from this year's three-day AICPA Conference on Current SEC and PCAOB Developments. The conference features speeches by, and question-and-answer sessions with, members of the SEC, PCAOB, FASB, IASB, and other professional groups on current accounting, reporting, and auditing practice issues.

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Robert Uhl

Partner | Deloitte & Touche LLP


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