Accounting & reporting news and resources

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Wilson, CPA, Director, SEC Institute, a Division of PLI, discusses derivative instruments.</p> </article> <article id="topic-article"> <div class="date-time" data-time="2024-12-23T14:55:23.000-05:00"></div> <h1><a href="/newsletters/a-a-focus/a-a-focus-recap-updates-on-cecl-and-artificial-intelligence.html">A&A Focus recap: Updates on CECL and artificial intelligence</a></h1> <p>The December webcast also included updates on the AICPA Accounting Standards Review Committee’s preparation standards exposure draft and on recent FASB news.</p> </article> <article id="topic-article"> <div class="date-time" data-time="2024-12-18T16:06:51.000-05:00"></div> <h1><a href="/news/2024/dec/private-company-council-effectiveness.html">Review confirms effectiveness of Private Company Council</a></h1> <p>The Financial Accounting Foundation’s review of the council, which works with FASB to support the interests of private companies in the standard-setting process, concluded that the council is serving its purpose.</p> </article> <article id="topic-article"> <div class="date-time" data-time="2024-12-18T12:17:18.000-05:00"></div> <h1><a href="/news/2024/dec/fasb-environmental-credits-guidance.html">FASB proposal offers guidance on disclosure of environmental credits</a></h1> <p>The proposal aims to address gaps in guidance for financial accounting of environmental credits and environmental credit obligations.</p> </article> <article id="topic-article"> <div class="date-time" data-time="2024-12-09T13:38:53.000-05:00"></div> <h1><a href="/news/2024/dec/accounting-valuation-guide.html">New guide clarifies accounting and valuation of business combinations</a></h1> <p>AICPA publication offers best practices for professionals working in accordance with a set of FASB standards related to accounting and valuations in mergers and acquisitions.</p> </article> <article id="topic-article"> <div class="date-time" data-time="2024-12-03T15:14:50.000-05:00"></div> <h1><a href="/news/2024/dec/fasb-proposes-guidance-on-measurement-of-credit-losses.html">FASB proposes guidance on measurement of credit losses</a></h1> <p>An Accounting Standards Update focuses on the measurement of credit losses for accounts receivable and contract assets for private companies and certain not-for-profit entities.</p> </article> <article id="topic-article"> <div class="date-time" data-time="2024-12-03T08:51:18.000-05:00"></div> <h1><a href="/newsletters/a-a-focus/a-a-focus-recap-improving-the-peer-review-experience.html">A&A Focus recap: Improving the peer review experience</a></h1> <p>Also, an internal controls expert joined for a discussion on COSO and its relationship to SAS 145, and a current Auditing Standards Board member addressed questions the AICPA has been receiving on the QM implementation process.</p> </article> <article id="topic-article"> <div class="date-time" data-time="2024-11-26T15:56:21.000-05:00"></div> <h1><a href="/news/2024/nov/new-fasb-standard-addresses-induced-conversions.html">New FASB standard addresses induced conversions</a></h1> <p>The standard aims to provide guidance missing in GAAP for the reporting of induced conversions related to settlement of convertible debt instruments.</p> </article> <article id="topic-article"> <div class="date-time" data-time="2024-11-25T13:26:21.000-05:00"></div> <h1><a href="/news/2024/nov/gasb-issues-two-exposure-drafts-for-comment.html">GASB issues two exposure drafts for comment</a></h1> <p>The Governmental Accounting Standards Board aims to bring clarity to the financial reporting of subsequent events and to a variety of topics in its implementation guide.</p> </article> <article id="topic-article"> <div class="date-time" data-time="2024-11-22T13:12:31.000-05:00"></div> <h1><a href="/news/2024/nov/pcaob-will-require-firms-to-share-a-new-set-of-metrics.html">PCAOB will require firms to share a new set of metrics</a></h1> <p>The board approves eight firm and engagement metrics for disclosure and adds to the disclosures it requires during annual reporting and special reporting periods. It also approves its 2025 budget and puts any action related to NOCLAR on hold until 2025.</p> </article> <article id="topic-article"> <div class="date-time" data-time="2024-11-20T10:55:15.000-05:00"></div> <h1><a href="/news/2024/nov/fasb-guidance-government-grants.html">FASB proposes guidance on accounting for government grants</a></h1> <p>Public comments are sought on the board’s effort to provide authoritative guidance in an area not currently covered by GAAP. In addition, FASB seeks feedback on potential standard setting related to financial KPIs.</p> </article> <article id="topic-article"> <div class="date-time" data-time="2024-11-13T15:10:40.000-05:00"></div> <h1><a href="/news/2024/nov/fasb-interim-reporting-guidance-update.html">FASB seeks comments on newly proposed interim reporting guidance</a></h1> <p>The guidance is intended to improve and clarify current guidance as opposed to fundamentally changing the nature of guidance in FASB ASC Topic 270, Interim Reporting.</p> </article> <article id="topic-article"> <div class="date-time" data-time="2024-11-04T15:04:00.000-05:00"></div> <h1><a href="/news/2024/nov/fasb-sets-new-reporting-standards-for-disclosure-of-expenses.html">FASB sets new reporting standards for disclosure of expenses</a></h1> <p>FASB published an Accounting Standards Update requiring public companies to disclose additional information about certain expenses in the notes to financial statements.</p> </article> </div> </div> <div class="text-center"> <ul class="pagination"> <li> <a href="/topics/financial-reporting.2.html" id="next" class="btn btn-text"> <span>Next</span> <span class="icon-chevron-right"></span> </a> </li> </ul> </div> </div> </div> </div> </div> </div> <div id="sidebar-top" class="col-sm-4 pull-sm-right sidebar sidebar-top"> <div class="row clearfix"> <div class="sidebar-top iparsys parsys"><div class="section"><div class="new"></div> </div><div class="iparys_inherited"><div class="sidebar-top iparsys parsys"><div class="doubleclickAds section"><div class="advertisement"> <div id="jofa-adslot-2"> <script type="text/javascript"> googletag.cmd.push(function () { googletag.display('jofa-adslot-2'); 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