FASB staff weighs in on debt modifications and restructurings
FASB’s staff recently published an educational paper that provides guidance to borrowers on how to account for debt modifications and restructurings, which have been common this year as a result of the coronavirus pandemic. read more – Journal of Accountancy
FASB recently issued rules amendments to clarify an entity’s accounting responsibilities related to callable debt securities. read more– Journal of Accountancy
FASB issues minor codification changes
FASB recently issued a new standard that is designed to provide incremental improvements to its Accounting Standards Codification. read more– Journal of Accountancy
FASB provides implementation relief for insurance companies
FASB recently issued a standard that provides relief for insurance companies implementing the board’s new standard for accounting for long-duration insurance contracts. read more– Journal of Accountancy
FASB pursues impairment-triggering relief for certain private companies, NFPs
FASB recently voted to add a project to its technical agenda that would provide certain private companies and not-for-profits with an option to perform goodwill triggering event evaluation only on the annual reporting date. read more– Journal of Accountancy
FASB proposes scope clarification for reference rate relief
FASB recently issued a proposal that is intended to clarify the scope of the board’s guidance on reference rate reform. read more– Journal of Accountancy
FASB proposes clarifying forwards and options accounting
FASB recently proposed an accounting standard that would clarify an issuer’s accounting for certain modifications or exchanges of freestanding equity-classified forwards and options. read more – Journal of Accountancy
FASB proposes 3 targeted lease accounting changes
FASB recently issued a proposal that is designed to improve three targeted areas of its lease accounting guidance. read more– Journal of AccountancyFor more information, please contact our audit professionals at [email protected] or toll free at 844.4WINDES (844.494.6337).
We use cookies to optimize our website and service.
Functional cookiesAlways active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
