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Financial statement preparers, including personnel across many departments, e.g., management, accounting, procurement, and IT, have been challenged with understanding the impact of the changes in accounting for leases under FASB’s new guidance

Learn about FASB’s proposal seeking feedback on clarifying changes to recognition and initial measurement for joint ventures.

FASB seeks feedback on additional details and increased frequency on a public entity’s reportable segments.

Details on FASB’s new disclosure requirements for supplier finance arrangements beginning in 2023.

This paper provides an overview of proposed and final standards issued by FASB from July to September 27, 2022, along with recent updates on outstanding exposure drafts and ongoing projects.

Implementation efforts for Accounting Standards Codification (ASC) 842, Leases, are now underway for private companies. 

This alert addresses the updates found in the latest FASB standards for nonprofit entities. Greater transparency is the goal of this update.

Read on for a look at potential risks in estimated credit losses under ASU 2016-13, known as CECL, and sample internal controls to address those risks.

How will the recent volatility and market shakeout of early innovators shape future regulation and accounting guidance for cryptocurrency?

See our insights on a critical step in lease implementation—calculating the appropriate discount rate.