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 reorganize its consolidation guidance

October 5, 2017

This Heads Up discusses the FASB’s Proposed Accounting Standards Update (ASU) Reorganization, which would restructure the consolidation guidance in ASC 810 by creating a new Codification topic, ASC 812, with separate sections for the guidance on (1) the variable interest entity model and (2) the voting interest entity model. The goal of the proposed ASU is to make “navigating and understanding consolidation guidance easier without affecting how consolidation analyses are currently performed.”

Learn about the FASB's proposed reorganization of consolidation guidance.

FASB proposes amendments to new leasing standard

October 3, 2017

This Heads Up discusses the following two proposed Accounting Standards Updates (ASUs) that would amend certain aspects of the FASB’s new leasing standard, ASU 2016-02: (1) Land Easement Practical Expedient for Transition to Topic 842 and (2) Technical Corrections and Improvements to Recently Issued Standards: . . . II. Accounting Standards Update No. 2016-02, Leases (Topic 842). 

Learn about the proposed amendments to the FASB's new leasing standard (ASU 2016-02).

The new revenue standard — Are you still assessing the impact?

September 5, 2017

This Heads Up provides Deloitte’s observations about public companies’ progress toward adopting the FASB’s new revenue standard (ASC 606).

Learn about Deloitte’s observations about public companies’ progress toward adopting the FASB’s new revenue standard (ASC 606).

FASB issues standard bringing targeted improvements to hedge accounting

August 30, 2017

This Heads Up provides a summary of the FASB's Accounting Standards Update No. 2017-12, Targeted Improvements to Accounting for Hedging Activities, which amends the hedge accounting recognition and presentation requirements in ASC 815, Derivatives and Hedging.

Learn about targeted improvements to accounting for hedging activities.

FASB makes targeted changes to guidance on accounting for certain financial instruments with down-round features

July 21, 2017

This Heads Up discusses FASB Accounting Standards Update (ASU) No. 2017-11, which makes limited changes to the Board’s guidance on classifying certain financial instruments as either liabilities or equity. The ASU is intended to improve (1) the accounting for instruments with “down-round” provisions and (2) the readability of the guidance in ASC 480 on distinguishing liabilities from equity by replacing the indefinite deferral of certain pending content with scope exceptions.

 

Learn about the FASB's ASU on classifying certain financial instruments.

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Past issues of the Heads Up newsletters are available on the US GAAP Plus site.

 
 
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