Accounting and reporting
How to tackle implementation of multiple high-profile accounting standards
New high-profile accounting standards for revenue recognition, leases and expected credit losses have companies facing a heavy implementation burden. Here are tips that could ease the stress and make implementation smoother.SEC proposes updating disclosure requirements
The SEC voted to propose amendments intended to eliminate redundant, overlapping, outdated, or superseded disclosure requirements.5 tips for implementing FASB’s credit loss standard
Gathering data to fill gaps and taking advantage of previous work will be two key actions as companies begin to implement the FASB’s new expected credit loss standard.How audit committees can evaluate non-GAAP measures
Audit committees can evaluate and better understand a company’s use of non-GAAP measures by asking the right questions of management.New FASB standard requires earlier reporting of credit losses
Financial statement preparers will be required to report credit losses on loans and other financial instruments in a more timely fashion under a new standard issued by the US Financial Accounting Standards Board.Lease accounting implementation a challenge for preparers
Companies are encountering challenges with new lease accounting standards in a process few expect to be easy, according to a recent Deloitte survey.Revenue standard causes concern about compensation arrangements
Compensation arrangements are emerging as a big concern for companies as they implement the new revenue recognition standard.Annual reports paint incomplete picture of opportunity and risk
New research shows that 30% of FTSE 100 annual reports withhold relevant workforce-related information and, consequently, provide investors with an inaccurate view of opportunity and risk.What analysts want from financial reports
Equity analysts want to see more information about a company’s brand and other intangible assets in their financial reports.FASB proposes more clarifications to revenue standard
Clarifications on guidance for contract costs, and preproduction costs related to long-term supply arrangements are included in the proposal.FASB makes additional revenue recognition clarifications
The US Financial Accounting Standards Board (FASB) issued a third round of clarifications to its revenue recognition standard, focusing on narrow-scope changes and practical expedients.
SEC seeking input on disclosure effectiveness
The US Securities and Exchange Commission (SEC), in its continuing efforts to improve the effectiveness of disclosures in companies’ financial statements.FASB assists with licensing guidance, identifying performance obligations
The US Financial Accounting Standards Board issued guidance designed to assist preparers with identifying performance obligations and implementing licensing guidance under the new revenue recognition standard.IAASB issues summary financial statement audit reporting guidance
The IAASB has issued guidance on the auditor’s responsibilities related to an engagement to report on summary financial statements derived from financial statements audited by that same auditor in accordance with International Standards on Auditing.FASB issues update clarifying revenue recognition issue
The US Financial Accounting Standards Board (FASB) issued an accounting standards update that clarifies how to apply revenue recognition guidance related to whether an entity is a principal or an agent.How to comply with the new FASB leases standard
The first step in compliance for many companies following the US Financial Accounting Standards Board’s (FASB’s) issuance of its new leases standard will be an evaluation of whether they possess all the data they need to report under the new rules.New FASB leases standard brings transparency to lessee balance sheets
Lessees will be required to recognise assets and liabilities on the balance sheet for the rights and obligations created by all leases with terms of more than 12 months under a new financial reporting standard issued by the US Financial Accounting Standards Board.Hoogervorst reappointed as chairman of IASB
The IFRS Foundation trustees announced that Hans Hoogervorst has been reappointed chairman of the International Accounting Standards Board (IASB) for a second five-year term that will begin July 1st.FASB affirms revenue recognition clarifications
The US Financial Accounting Standards Board (FASB) affirmed narrow-scope changes and practical expedients to its revenue recognition standard.- Previous 10 Results
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