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ASU 2020-06 simplifies accounting for convertible debt and free-standing equity-linked instruments.
February 18Opportune LLP -
The Federal Accounting Standards Advisory Board released an interpretation of the accounting rules around reporting debt cancellation for the federal government.
November 30 -
While the immediate threat of a default would recede, the deal would merely delay the fight to December.
October 7 -
America’s poorest families are using new child benefits in large measure to climb out of debt, much of it likely accumulated during the pandemic.
September 1 -
The Financial Accounting Standards Board has released a staff educational paper offering an overview of the accounting guidance for debt restructurings and modifications.
October 29 -
The board is amending its guidance for determining whether debt should be classified as a current or noncurrent liability in a classified balance sheet, in response to input from private companies.
September 12 -
The changes will provide a single method for government issuers to report on conduit debt obligations and related commitments.
May 28 -
Small and midsized CPA firms often ask about best practices when it comes to funding their operations.
March 15Esposito CEO2CEO, LLC -
New guidance on a single method for government issuers could eliminate differences in practice.
August 6 -
The Governmental Accounting Standards Board released a new statement spelling out which liabilities should be disclosed related to debt.
April 2