United States
A recent ASU addresses the accounting by a private-company franchisor for certain pre-opening services provided to a franchisee.
Our annual Effective Date Reminder lists pronouncements issued as of Nov. 1, 2020, which became effective on or after Jan. 1, 2020.
A recent proposal would simplify how private-company franchisors analyze their performance obligations in accordance with ASC 606.
Constituents recently provided feedback to the FASB regarding issues encountered in the implementation of ASC 842.
The FASB recently issued requirements regarding the presentation and disclosure of contributed nonfinancial assets by nonprofit entities.
FASB to propose deferring the effective dates of ASC 606 for private franchisors and ASC 842 for certain entities.