Recorded Webcasts

FASB to propose deferring the effective dates of ASC 606 for private franchisors and ASC 842 for certain entities.

On May 20, 2020, the FASB approved one-year effective date deferrals for certain entities for ASC 606 and ASC 842.

Due to the coronavirus, the FASB recently proposed a one-year effective date delay for certain entities for ASC 606 and ASC 842.

The FASB staff recently discussed answers to certain questions on financial-reporting topics related to the coronavirus pandemic.

What makes the shift from Libor challenging is how deep and interwoven it is in every corner of the financial services industry.

Our white paper discusses pandemic-related financial reporting issues, including a lender’s accounting for PPP loans.

ASU 2020-05 provides one-year effective date deferrals for certain entities and their adoption of ASC 606 and 842.

The FDIC recently issued an FAQ, which includes answers to questions addressing COVID-19 financial-reporting-related topics.

The recently enacted Coronavirus Aid, Relief, and Economic Security Act includes provisions that have financial reporting implications.

Our white paper discusses many relevant matters related to, and the impact of COVID-19 on, goodwill impairment testing.

A revised interim final rule discusses the estimated impact on regulatory capital for institutions that implement CECL in 2020.

The CARES Act provides optional temporary current expected credit losses relief for certain insured depository institutions.

The AICPA has issued answers to accounting questions regarding certain CARES Act provisions specific to health care entities.

The ABA recently addressed the ASC 860 legal isolation criterion for transfers of participating interests in MSLP loans.

Portfolio managers of investment companies are considering the impact of COVID-19 and economic conditions on their March 2020 valuations.

We have updated our white paper to discuss how MSLP loans should be accounted for by both borrowers and lenders.

Among other topics, a recent interagency statement addresses the accounting for loan modifications made in response to COVID-19.

RSM’s white paper has been updated to address the accounting for PPP loans and revolvers with a fluctuating borrowing base.

The FDIC recently issued an Interim Final Rule providing temporary relief for Part 363 audit and reporting requirements.

Boards should ensure all key players have the time and information to perform their financial reporting oversight responsibilities.