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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FASB proposes to amend the scope of modification accounting for share-based payment arrangements

November 18, 2016

This issue discusses the FASB’s proposed Accounting Standards Update Scope of Modification Accounting. The proposal provides guidance on the types of changes to the terms or conditions of share-based payment awards to which an entity would be required to apply modification accounting under ASC 718. Specifically, an entity would not apply modification accounting if the fair value, vesting conditions, and classification of the awards are the same immediately before and after the modification.

Learn about the FASB's proposed amendments to the scope of modification accounting for share-based payment arrangements.

FASB issues guidance on restricted cash

November 17, 2016

This issue discusses the FASB’s Accounting Standards Update (ASU) Restricted Cash, which amends the guidance on the classification and presentation of restricted cash in the statement of cash flows. The ASU is based on the consensuses reached by the Emerging Issues Task Force on Issue No. 16-A, “Statement of Cash Flows: Restricted Cash.”

Learn about the FASB's Accounting Standards Update on restricted cash.

FASB amends consolidation guidance on interests held through related parties under common control

November 1, 2016

This issue discusses the FASB’s October 26, 2016, Accounting Standards Update (ASU), Interests Held Through Related Parties That Are Under Common Control. The ASU amends the guidance consolidation requirements that apply to a single decision maker’s evaluation of interests held through related parties that are under common control.
 

Learn about the changes to consolidation guidance on interests held through related parties under common control.

FASB simplifies accounting for intra-entity asset transfers

October 25, 2016

On October 24, 2016, the FASB issued ASU 2016-16, which removes the prohibition in ASC 740 against the immediate recognition of the current and deferred income tax effects of intra-entity transfers of assets other than inventory. The ASU, which is part of the Board’s simplification initiative, is intended to reduce the complexity of U.S. GAAP and diversity in practice related to the tax consequences of certain types of intra-entity asset transfers, particularly those involving intellectual property.

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

FASB proposes amendments to the amortization period for callable debt securities purchased at a premium

September 23, 2016

On September 22, 2016, the FASB issued for public comment a proposed ASU that would amend the amortization period for callable debt securities purchased at a premium. The proposal would shorten the amortization period for such securities to the earliest call date.

Learn about the FASB's proposed amendments to the amortization period for callable debt securities purchased at a premium.

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