FASB

The Financial Accounting Standards Board unveiled a proposed accounting standards update Wednesday aimed at improving and harmonizing the accounting for films and episodic content for both TV and streaming video services like Netflix.

The update clarifies the guidance on the interaction between some types of collaborative arrangements and the new revenue recognition standard.

The staff paper aims to help private company franchises implement the new accounting standard by offering them practical examples.

The vast majority of S&P 500 issuers are using the modified retrospective method of adopting the new rules.

Last month a very strange thing happened.

The new lease accounting standard that takes effect for public companies next year poses obstacles for the audit firms that have begun implementing it for their clients.

The accounting standard redefines the rules for operating leases.

The standards update aims to reduce the cost and complexity of variable interest entities, particularly for private companies.

ASU 2018-16 lets hedgers use the SOFR Overnight Index Swap Financing Rate.

The Financial Accounting Standards Board’s new hedge accounting standard is prompting some companies to adopt the standard ahead of the Jan 1, 2019 effective date, though many companies are still not using hedge accounting at all.

Financial institutions around the world are revising how they estimate credit losses.

The Financial Accounting Standards Board released an accounting standards update Wednesday aimed at decreasing the complexity of accounting for costs of implementing a cloud computing service arrangement.

The Financial Accounting Standards Board made two changes to its conceptual framework and released a pair of accounting standards updates aimed at making disclosures in notes to financial statements more effective.

The Financial Accounting Standards Board’s proposed changes to the credit loss standard promise to help private banks and credit unions deal with the transition on a more comfortable timeline.

PwC surveyed how public and private companies are handling the revenue recognition standard.

The trustees of the Financial Accounting Foundation reappointed Candace Wright as chair for a second three-year term on Tuesday, while also reappointing two other members to another two-year term.

The Financial Accounting Standards Board released a proposed accounting standards update Monday to amend the transition requirements and scope of the credit losses standard that it issued in 2016.

The Securities and Exchange Commission voted Friday to simplify some of its disclosure requirements that have become outdated, duplicative or overlapping because of changes in the information environment or U.S. GAAP, or because of other SEC disclosure requirements.

The Financial Accounting Standards Board released a long-awaited accounting standards update Wednesday to improve the financial reporting for insurance companies that issue long-duration contracts, such as life insurance, disability income, long-term care and annuities.

The Financial Accounting Standards Board is proposing to make a number of narrow improvements in the lease accounting standard as public companies get ready for it to take effect at the end of the year.