Perspectives

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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Frequently asked questions about the FASB’s new leases standard

April 25, 2017

This Heads Up addresses frequently asked questions on key topics related to the FASB’s new leases standard (codified in ASC 842). Such topics include the definition of a lease, lessee and lessor accounting, lease classification, presentation and disclosure, and transition.

 

Learn about FASB’s new leases standard.

Adopting the new revenue standard — Where do companies stand?

April 4, 2017

This Heads Up discusses certain considerations related to implementing the FASB’s new revenue standard, Revenue From Contracts With Customers. The discussion compares the results of a 2016 Deloitte-sponsored survey with previously reported results from Deloitte’s 2015 survey. In the surveys, respondents were asked various questions pertaining to their readiness to adopt the standard’s provisions.

 

Learn about certain considerations related to implementing the FASB’s new revenue standard.

FASB amends the amortization period for certain callable debt securities purchased at a premium

April 4, 2017

This Heads Up discusses FASB Accounting Standards Update (ASU) No. 2017-08, Premium Amortization on Purchased Callable Debt Securities, which amends the amortization period for certain purchased callable debt securities held at a premium, shortening such period to the earliest call date.

Learn about FASB's ASU on the amortization period for certain callable debt securities purchased at a premium.

FASB amends guidance on presentation of net periodic benefit cost related to defined benefit plans

March 14, 2017

This Heads Up discusses FASB Accounting Standards Update (ASU) No. 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. The ASU amends the requirements in U.S. GAAP related to the income statement presentation of the components of net periodic benefit cost for an entity’s sponsored defined benefit pension and other postretirement plans.

Learn about the FASB's ASU which amends the requirements in U.S. GAAP related to the income statement presentation of the components of net periodic benefit cost for an entity’s sponsored defined benefit pension and other postretirement plans.

FASB proposes improvements to the accounting for share-based payment arrangements with nonemployees

March 10, 2017

This Heads Up discusses the FASB’s proposed Accounting Standards Update Improvements to Nonemployee Share-Based Payment Accounting, which would simplify the accounting for share-based payments granted to nonemployees for goods and services. Under the proposal, most of the guidance on such payments to nonemployees would be aligned with the requirements for share-based payments granted to employees.

Learn about the FASB's proposed ASU which would simplify the accounting for share-based payments granted to nonemployees for goods and services.
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