Financial Reporting Insights

A biweekly resource for recent financial reporting developments

This page provides access to the most recent editions of Financial Reporting Insights. For access to an 18-month archive of Insights articles organized by topic, visit our Financial Reporting Resource Center.
 

January 19, 2021

• Full Issue
• Ongoing updates to Coronavirus: Financial reporting considerations 
• Deferred tax asset valuation allowance 
• Updates to our hedging guide for reference rate reform 
• Monitoring inflation when applying ASC 830 
• FASB clarifies scope of reference rate reform guidance 
• GASB guidance for transition from Interbank Offered Rates 
• Gaming Audit and Accounting Guide 
• SEC disclosure guidance for SPACs 

December 18, 2020

• Full issue
• Proposed accounting for acquired revenue contracts with customers

December 8, 2020

• Full issue
• New edition: Accounting for debt modifications and restructurings
• SEC amends certain financial disclosure requirements
• COVID-19: Clarification on interagency statement on loan modifications
• Audit & Accounting Guide for depository and lending institutions updated
• Audit & Accounting Guide for employee benefit plans updated
• GASB proposes implementation guidance
• IASB proposes amendment to its leases standard

November 19, 2020

• Full issue
• FASB to propose goodwill impairment triggering event alternative
• Long-duration insurance: Deferral and ease of adoption
• Audit committee resource: Auditing estimates and use of specialists
• Transitional FAQs: Amended Regulation S-K Items 101, 103 and 105

November 10, 2020

• Full issue
• 2020 Effective Date Reminder
• Borrower’s accounting for debt restructurings and modifications
• Actuarial valuation: New mortality improvement scale released
• Proposed updates to ASC 842
• Proposal to clarify scope of reference rate reform guidance
• Proposal: Modifications of forwards and options, including warrants
• FASB Codification improvements
• SEC simplifies the exempt offering framework
• FASB amends certain debt-related disclosures pursuant to SEC Release
• Division of Investment Management addresses accounting matters

October 27, 2020

• Full issue
• Impact of COVID-19: Goodwill impairment considerations
• Nonpublic entities’ disclosures about Level 3 fair value measurements
• Borrower and lender accounting for Main Street Lending Program loans
• Reevaluate debt securities with noncontingent call options
• Temporary relief for FDIC Part 363 audit and reporting requirements
• SEC amends certain auditor independence requirements

October 13, 2020

• Full issue
• ASC 860 legal isolation criterion for sale of participation under MSLP