Ideas & Insights

The GASB's guidance addressing financial reporting implications of the replacement of interbank offered rates.

Temporary optional expedients and exceptions to account for the effects of LIBOR transition (e.g., contract modifications, hedge accounting)

Information about the LIBOR phase out, identification of replacement rates and resultant operational and accounting considerations.

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.

A guide to understanding and analyzing the accounting guidance applicable to debt and equity instruments issued in financing transactions.

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.

Q&As on the FASB’s definition of a public business entity, which is used to specify the scope of accounting and reporting guidance.

Guidance on applying for ASC 605-25, Revenue Recognition – Multiple-Element Arrangements, including examples illustrating various concepts.