United States
Our article discusses interest capitalization for a mandatorily redeemable financial instrument classified as a liability.
Clarifications have been provided on the interagency statement on loan modifications for customers affected by COVID-19.
Our white paper discusses pandemic-related financial reporting issues, including a lender’s accounting for PPP loans.
The IASB recently issued an Exposure Draft to improve how information is communicated in the financial statements.
SAB No. 119 includes SEC staff interpretations regarding policies and procedures for developing CECL models and related matters.
ASU 2019-11 addresses issues raised by stakeholders during the implementation of the current expected credit losses standard.
The Financial Accounting Standards Board has proposed clarifications to certain sections of its 2017 hedge accounting standard.
Recent amendments modify some specific hedge accounting requirements to address interest rate benchmark uncertainty.
Tax Court rejects taxpayer’s claim of capital gain treatment for deposit forfeited by prospective buyer.
Some financing entities entered into various residential mortgage loan purchase programs. Gain accounting insight about these programs.