Heads Up Bookmark has been added
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.
FASB improves guidance on credit losses
December 2, 2019
This issue discusses FASB Accounting Standards Update (ASU) No. 2019-11, Codification Improvements to Topic 326, Financial Instruments — Credit Losses, which amends certain aspects of the Board’s new standard on credit losses (ASU 2016-13, Measurement of Credit Losses on Financial Instruments).
FASB proposes improvements to hedge accounting guidance
November 26, 2019
This issue discusses the FASB’s proposed Accounting Standards Update (ASU) Codification Improvements to Hedge Accounting, which would clarify certain amendments made by ASU 2017-12, Targeted Improvements to Accounting for Hedging Activities, to the guidance in ASC 815 on hedging activities. The FASB issued the proposal in response to feedback and questions received from stakeholders related to their implementation of ASU 2017-12. Comments on the proposed ASU are due by January 13, 2020.
FASB changes some effective dates for certain new accounting standards
November 19, 2019
This issue discusses the recent issuance of FASB Accounting Standards Update (ASU) No. 2019-10, Financial Instruments — Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates. The ASU (1) provides a framework to stagger effective dates for future major accounting standards and (2) amends the effective dates for certain major new accounting standards to give implementation relief to certain types of entities. Specifically, ASU 2019-10 changes some effective dates for ASU 2017-12 on hedging, ASU 2016-02 on leasing, ASU 2016-13 on current expected credit losses, and ASU 2017-04 on simplifying the goodwill impairment test.
FASB clarifies the accounting for share-based payments issued as sales incentives to customers
November 13, 2019
This issue discusses FASB Accounting Standards Update (ASU) No. 2019-08, Codification Improvements — Share-Based Consideration Payable to a Customer, which clarifies the accounting for share-based payments issued as consideration payable to a customer in accordance with ASC 606. Under the ASU, entities apply the guidance in ASC 718 to measure and classify share-based payments issued to a customer that are not in exchange for a distinct good or service (i.e., share-based sales incentives).
#DeloitteESGnow — Sustainability disclosure goes mainstream
September 24, 2019
This issue discusses various developments in the marketplace that have resulted in increased pressure on companies to disclose or improve the transparency of environmental, social, and governance topics and the move by some companies toward disclosing such information in their financial filings.