FASB has issued ASU 2022-06, which extends LIBOR sunset relief to December 15, 2024. Read on for details.
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See All FORsightsThis handy reference guide chronologically lists upcoming effective dates for FASB’s accounting standards updates (ASUs) with links to related FORsights™ articles.
This paper provides an overview of proposed and final standards issued by FASB from October to December 22, 2022.
Implementation efforts for Accounting Standards Codification (ASC) 842, Leases, are now underway for private companies.
See our insights on a critical step in lease implementation—calculating the appropriate discount rate.
This paper provides an overview of proposed and final standards issued by FASB from January to March 2022, along with recent updates on outstanding exposure drafts and active projects.
A new FASB proposal would require the buyer in a supplier finance program to disclose qualitative and quantitative information about the program.
This article provides details on accounting guidance and SEC and Federal Reserve activity in response to a surge in crypto investments.
This BKD webinar provides GAAP and ASU updates, PPP accounting guidance, and insight on FASB projects currently in process that could affect nonprofits.
The NCUA has issued a proposal that would allow credit unions to smooth the impact of adopting the new credit loss model known as CECL.