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Financial Reporting Alerts

Issued as needed to highlight up-to-the-minute accounting, regulatory, or other developments that may require immediate action or that may affect financial reporting and disclosure.

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Most Recent Financial Reporting Alert

Adoption of ASU 2018-07 in an interim period

Financial Reporting Alert 18-10

This alert addresses the questions that have arisen about how entities that have early adopted FASB Accounting Standards Update (ASU) No. 2018-07, Improvements to Nonemployee Share-Based Payment Accounting, in an interim period can determine the adoption date for the calculation of the transition adjustments. We believe that there is more than one acceptable approach to making such a determination. This alert focuses on two illustrative approaches and includes sample journal entries for each one.

FRA 18-10, Adoption of ASU 2018-07 in an Interim Period
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