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 amends the scope of modification accounting for share-based payment arrangements

May 11, 2017

This Heads Up discusses FASB Accounting Standards Update (ASU) No. 2017-09, Scope of Modification Accounting, which amends the scope of modification accounting for share-based payment arrangements. The ASU 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. 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 amendments to the Scope of Modification Accounting for Share-Based Payment Arrangements.

Internal control considerations related to adoption of the new revenue recognition standard

May 9, 2017

This Heads Up discusses considerations related to a company's internal control over financial reporting in connection with its adoption of the FASB's new standard on revenue recognition.

Learn about considerations related to a company's internal control over financial reporting.

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.

Recent newsletters

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

 
 
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