United States
The Society of Actuaries has released an updated mortality improvement scale, which should be considered by certain benefit plans.
Pharmaceutical, biotech and medical device company finance leaders discuss ASC 842 lease accounting adoption complexities and challenges.
We updated the discussion about certain government assistance in our Coronavirus: Financial reporting considerations white paper.
SAS No. 144 addresses the auditor’s use of specialists and use of pricing information obtained from external information sources.
RSM is extending an exclusive offer to clients who are new subscribers to the Checkpoint accounting research package.
The IASB has extended the application period for the IFRS 16 practical expedient for covid-19-related rent concessions.
The SEC Division of Examinations recently issued a Risk Alert regarding compliance practices for digital asset securities.
A recent GASB Exposure Draft proposes a unified model for the recognition and measurement of all types of compensated absences.
The International Accounting Standards Board has issued narrow-scope amendments to IAS 1, IAS 8 and IFRS Practice Statement 2.
Certain expedients available under ASC 848 may be relevant now to entities that hedge LIBOR-based debt instruments.
Our coronavirus white paper has been updated for financial reporting matters related to the Consolidated Appropriations Act, 2021.
We have updated our hedging guide to refer to certain temporary optional expedients and exceptions included in ASC 848.
The GASB's guidance addressing financial reporting implications of the replacement of interbank offered rates.
The FASB has clarified that certain ASC 848 expedients and exceptions apply to derivatives affected by the discounting transition.
Our article discusses weighting evidence in discerning whether a valuation allowance should be recognized for deferred tax assets.
The American Institute of Certified Public Accountants Audit and Accounting Guide, Gaming, was recently updated.
A recent proposed ASU addresses the accounting for revenue contracts with customers acquired in a business combination.
An updated AICPA guide addresses the unique aspects of the preparation and auditing of financial institution financial statements.
The IASB has proposed amendments to IFRS 16 to clarify the seller-lessee’s accounting for a sale and leaseback transaction.
Recently issued ASU 2020-11 provides an additional year for the implementation of ASU 2018-12 and eases its adoption provisions.
The Chief Accountant of the SEC Division of Investment Management recently addressed certain financial reporting matters.
A recent FASB proposal addresses the accounting for modifications or exchanges of certain equity-classified forwards and options.
The FASB recently proposed amendments to address certain issues arising from the adoption of the leases standard.
A recent FASB ASU makes minor technical corrections and clarifications to the Accounting Standards Codification.
A recent FASB Staff Educational Paper provides an overview of the accounting guidance for common debt modifications and exchanges.
A recent proposed ASU would clarify the scope of ASC 848 with respect to certain transitions in the derivatives market.
The FDIC recently issued an Interim Final Rule providing temporary relief for Part 363 audit and reporting requirements.
We have updated our white paper to discuss how MSLP loans should be accounted for by both borrowers and lenders.
Our white paper discusses many relevant matters related to, and the impact of COVID-19 on, goodwill impairment testing.
Our updated white paper discusses ASC 820 fair value measurement disclosures that were and were not affected by ASU 2018-13.
The ABA recently addressed the ASC 860 legal isolation criterion for transfers of participating interests in MSLP loans.
The IASB’s recent amendments address the transition to alternative interest rate benchmarks as a result of benchmark reform.
An educational webcast to financial institutions of all sizes on LIBOR and proactively managing the transition at your institution.
What makes the shift from Libor challenging is how deep and interwoven it is in every corner of the financial services industry.
Temporary optional expedients and exceptions to account for the effects of LIBOR transition (e.g., contract modifications, hedge accounting)
The accounting for property damage and other losses that an entity has insured itself against any related insurance recoveries.
The FASB recently provided temporary optional guidance intended to ease the burden reference rate reform on financial reporting.
Concerns have been raised that replacing Libor with an alternative reference rate may trigger a number of challenges.
Guidance would facilitate transitions of existing debt and derivatives to alternative benchmark rates without creating taxable exchanges.
Information about the LIBOR phase out, identification of replacement rates and resultant operational and accounting considerations.
A recent GASB proposal addresses financial reporting implications resulting from the replacement of an Interbank Offered Rate.
An overview of changes with respect to the fair value measurement disclosures in Topic 820 of the FASB’s Accounting Standards Codification.
An overview of the clarifications to identifying reciprocal and nonreciprocal transactions and conditional and unconditional contributions.
Article on ESOP distributions, focusing on the detailed mechanics of the how, when and what value is used at the time of the sale.
The financial reporting resource center - leases, provides insightful knowledge on matters related to leasing.
Gain insightful knowledge and understanding of recent standards, developments and practice issues related to financial instruments.
Some financing entities entered into various residential mortgage loan purchase programs. Gain accounting insight about these programs.
Gain insightful knowledge and understanding of accounting standards under development and proposed accounting guidance.
This financial reporting resource center contains articles and related insights on debt-related accounting topics.
This financial reporting resource center contains articles and related insights on business combinations accounting topics.
This financial reporting resource center contains articles and related insights on consolidations-related accounting topics.
This financial reporting resource center contains articles and related insights on accounting topics related to equity.
This financial reporting resource center contains articles and related insights on goodwill and long-lived assets topics.
Financial Resource center with insight articles and white papers devoted to statement presentation and disclosure for middle market.
The financial reporting resource center - income tax, provides insightful knowledge on matters related to the new tax reform for income tax.
The following resources provide insightful knowledge related to private company standard setting and miscellaneous.
The Financial Reporting Resource Center, Revenue recognition, provides insightful knowledge related to revenue recognition.
A guide to understanding and analyzing the accounting guidance applicable to debt and equity instruments issued in financing transactions.
This financial reporting resource center contains articles and related insights on fair value-related accounting topics.
There are issues in impairment testing of these long-lived assets that can involve a complex, multi-step approach.
There are factors to be considered in conducting an assessment, and interim impairment testing and adoption considerations as well.
A side-by-side comparison and brief summary of accounting guidance for the impairment of goodwill and other long-lived assets.
Private-company accounting alternative for the subsequent accounting of goodwill and considerations before electing the alternative.
Q&As on the FASB’s definition of a public business entity, which is used to specify the scope of accounting and reporting guidance.
This resource center provides insightful knowledge, recent developments and practice issues related to the insurance industry.
Stay current on the latest International Financial Reporting Standards news and resources, increasing globalization and related regulations.
Gain insightful knowledge and understanding of recent accounting standards, developments and practice issues on a variety of topics.
The Financial Reporting Resource Center, Coronavirus, provides insightful knowledge related to the Coronavirus pandemic.
Gain insightful knowledge and understanding of recent standards, developments and practice issues related to financial institutions.
This financial reporting resource center contains articles and related insights on financial services accounting topics.
...Financial Reporting Insights articles Coronavirus: Employee Retention Credit and Provider Relief Fund PRF distributions: Delayed reporting and...
This financial reporting resource center contains articles and related insights on accounting topics in various industries.
This financial reporting resource center contains articles and related insights on accounting topics relevant to the real estate industry.
Timely, insightful knowledge regarding today’s reporting issues and requirements, including articles, white papers and service offerings.
Our new Audit Committee Guide for Financial Institutions offers practical guidance on your audit committee's full range of responsibilities
This financial reporting resource center contains articles and related insights on miscellaneous accounting topics.
These resources provide insightful knowledge and recent developments related to audits, reviews and compilations of private companies.
The financial reporting resource center - employee benefit plans, provides insightful knowledge on matters affecting employee benefit plans.
Resources and insightful knowledge related to International Financial Reporting Standards and International Standards on Auditing.
...Gain insightful knowledge and understanding of critical financial reporting issues and guidance affecting a variety of industries. Financial...
This financial reporting resource center contains articles and related insights on other SEC regulatory matters.
The financial reporting resource center - PCAOB, provides insightful knowledge on matters regarding the PCAOB.
The financial reporting resource center - SEC financial reporting, provides insightful knowledge on SEC financial reporting matters.
The discontinuation of LIBOR in 2021 could disrupt global markets, but planning for alternative reference rates will help the transition.
Timely, insightful information and resources regarding the latest financial reporting issues, changes and requirements.
The differences between U.S. generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRS).
Guidance on applying for ASC 605-25, Revenue Recognition – Multiple-Element Arrangements, including examples illustrating various concepts.
The second in a series of articles on internal controls for employee benefit plans, focusing on plan document maintenance.
The first in a series of articles on internal controls for employee benefit plans, focusing on compliance with government regulations.
These resources provide insightful knowledge related to matters affecting public companies and companies planning to go public.