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New FASB standard aims to simplify hedge accounting The Financial Accounting Standards Board recently issued a new standard that is designed to make hedge accounting easier for financial statement preparers and easier for financial statement users to understand. According to FASB Chairman Russell Golden, Accounting Standards Update No. 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to […]
FASB simplifies accounting for certain financial instruments Following a Private Company Council recommendation, the Financial Accounting Standards Board (FASB) recently issued a new standard that simplifies the accounting for certain financial instruments with down round features. Down round features are a provision in an equity-linked financial instrument or embedded feature that provides a downward adjustment […]
FASB proposes changes to consolidation guidance The Financial Accounting Standards Board (FASB) has proposed an accounting standards update to reduce the cost and complexity of financial reporting related to the consolidation of variable interest entities, based on recommendations from FASB’s sister organization, the Private Company Council. The proposal aims to address some of the concerns […]
FASB issues update on modification accounting for share-based payment awards In a new accounting standard recently issued, The Financial Accounting Standards Board (FASB) hopes to provide clarity by offering guidance on the scope of modification accounting for share-based payment awards. Accounting Standards Update No. 2017-09, Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting, gives direction […]
New rules for accounting for amortization of premiums for purchased callable debt securities The Financial Accounting Standards Board (FASB) recently made targeted changes to the rules governing accounting for amortization of premiums for purchased callable debt securities. The changes are described in Accounting Standards Update No. 2017-08, Receivables—Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium […]
