Accounting Standards
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Citrin Cooperman Adds Andsager, Bartlett & Pieroni in Rhode Island
Opinion: Donald Trump Promised to Raise Taxes, But Biden and Congress Could Tie His Hands
Cherry Bekaert Acquires DeBlanc, Murphy & Murphy in Maryland
BerryDunn Joins Forces With Burzenski & Co. in Connecticut
FASB Targets Credit Losses for Accounts Receivable, Contract Assets in Proposed ASU
The proposal addresses challenges with applying CECL to current AR and contract assets arising from revenue transactions.
FASB Issues Standard on Induced Conversions of Convertible Debt Instruments
The amendments in the ASU clarify requirements for determining whether certain settlements of convertible debt instruments, including convertible debt instruments with ...
GASB Proposes Guidance on Subsequent Events
The proposal defines subsequent events and provides note disclosure requirements in order to reduce diversity in practice.
FASB Issues Post-Implementation Review Report for Its Revenue Recognition Standard
The report discusses how the FASB staff conducted the Revenue PIR process, which included outreach with more than 2,200 stakeholders from diverse backgrounds, key implementation support
FASB Seeks Feedback on Clarification to Interim Effective Date for Disaggregation of Income Statement Expenses Standard
The proposed ASU is aimed at public business entities that do not have an annual reporting period that ends on Dec. 31.
New GASB Members Named
The Financial Accounting Foundation's Board of Trustees has appointed Robert W. Scott and Dianne E. Ray to the GASB board.
FASB Looks to Add New Guidance on How Businesses Account For Government Grants
The proposal would establish rules on the recognition, measurement, and presentation of a government grant received by a business.
FASB Seeks Comment on Financial KPIs
An invitation to comment was issued on Nov. 14 as part of the FASB's research project on financial KPIs for business entities.