United States

Proposed technical amendments to recently issued standards

FINANCIAL REPORTING INSIGHTS  | 

The Financial Accounting Standards Board recently issued two proposed Accounting Standards Updates (ASUs), Technical Corrections and Improvements to Recently Issued Standards: I. Accounting Standards Update No. 2016-10, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities and II. Accounting Standards Update No. 2016-02, Leases (Topic 842).

The proposed ASUs provide narrow-scope amendments that are not expected to have a significant effect on current accounting practice. The proposed ASUs are available for comment until November 13, 2017.

in this issue

ARTICLE

Revenue recognition: 5 key considerations for implementation

Due to its complexity, preparing for and complying with ASC 606 may be more challenging than many companies realize.

  • Stacy Dow
  • |
  • September 20, 2017

FINANCIAL REPORTING INSIGHTS

Proposed clarifications to land easements application guidance

The FASB recently issued a proposed ASU to address concerns regarding the application of Topic 842 to land easements.

  • October 17, 2017

FINANCIAL REPORTING INSIGHTS

Proposed technical amendments to recently issued standards

The FASB recently proposed changes to clarify the Codification and correct unintended application of guidance.

  • October 17, 2017

FINANCIAL REPORTING INSIGHTS

Proposed Codification improvements

The Financial Accounting Standards Board recently proposed changes to clarify, and make minor improvements to, the Codification.

  • December 03, 2019