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    Financial Reporting Developments

    17 August 2015

    Financial Reporting Developments - Impairment or disposal of long-lived assets
    We have updated our Financial Reporting Developments publication on impairment or disposal of long-lived assets to provide additional interpretive guidance.

    14 August 2015

    Financial Reporting Developments - Lease accounting
    We have updated our FRD publication on lease accounting to provide additional considerations for evaluating service concession arrangements in accordance with ASU 2014-05, Service Concession Arrangements, which was codified in ASC 853, Service Concession Arrangements. These arrangements are not within the scope of ASC 840, Leases. We have also updated our FRD to reflect ASU 2015-05, Intangibles – Goodwill and Other – Internal-Use Software, which eliminates the requirement in ASC 350-40 that customers analogize to ASC 840 to determine the accounting for a software licensing arrangement. Refer to Appendix D of the publication for a detailed list of updates.

    13 August 2015

    Financial Reporting Developments - Foreign currency matters
    We have updated our FRD publication on foreign currency matters to clarify and enhance our interpretative guidance. Refer to Appendix B of the publication for additional information regarding these updates.

    4 August 2015

    Financial Reporting Developments - Consolidated and other financial statements: Presentation and accounting for changes in ownership interests
    We have updated our Financial reporting developments publication on consolidated and other financial statements to further clarify and enhance our interpretative guidance. Refer to Appendix A of the publication for a summary of the updates.

    28 July 2015

    Financial Reporting Developments - Statement of cash flows
    We have updated our Financial Reporting Developments publication on statement of cash flows to provide additional interpretive guidance.

    24 July 2015

    Financial Reporting Developments - Asset retirement obligations
    We have updated our Financial Reporting Developments publication on asset retirement obligations to reflect our current understanding of this guidance.

    24 July 2015

    Financial Reporting Developments - Earnings per share
    We have updated our Financial reporting developments publication on earnings per share to reflect new guidance on master limited partnership dropdown transactions and updates to existing guidance on common practice issues. Refer to Appendix D of the publication for a list of the updates.

    24 July 2015

    Financial Reporting Developments - Joint ventures
    We have updated our FRD publication on joint ventures to clarify and enhance our interpretative guidance. Refer to Appendix E of the publication for a detailed list of these updates.

    22 July 2015

    Financial Reporting Developments - Intangibles - Goodwill and other
    We have updated our FRD publication on goodwill and intangible assets to clarify and enhance our interpretative guidance. Refer to Appendix D of the publication for a detailed list of these updates.

    22 July 2015

    Financial Reporting Developments - Share-based payments
    We have updated our FRD publication on share-based payment to enhance our interpretive guidance. Refer to Appendix F of the publication for a list of these updates.

    16 July 2015

    Financial Reporting Developments - Fair value measurement
    We have updated our Financial reporting developments publication on fair value measurement primarily to reflect the issuance of ASU 2015-07, Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent). We also enhanced our interpretative guidance. Refer to Appendix F of the publication for a summary of the updates.

    15 July 2015

    Financial Reporting Developments - Transfers and servicing of financial assets
    We have updated our Financial reporting developments publication on transfers and servicing of financial assets primarily to reflect the amendments resulting from the issuance of ASU 2014-11, Repurchase-to-Maturity Transactions, Repurchase Financings and Disclosures and for further clarification and enhancements to our interpretative guidance. Refer to Appendix F of the publication for a summary of the updates.

    29 June 2015

    Financial Reporting Developments - Segment reporting
    We have updated our FRD publication on segment reporting to clarify and enhance our interpretative guidance. Refer to Appendix D of the publication for a detailed list of these updates.

    24 June 2015

    Financial Reporting Developments - Real estate project costs
    We have updated our Financial Reporting Developments publication on real estate costs to clarify and enhance our interpretative guidance.

    24 June 2015

    Financial Reporting Developments - Real estate sales
    We have updated our Financial Reporting Developments publication on real estate sales to clarify and enhance our interpretative guidance.

    16 June 2015

    Financial Reporting Developments - Software: Revenue recognition
    We have updated our Financial Reporting Developments publication on software revenue recognitionto to further clarify and enhance our interpretive guidance.

    15 June 2015

    Financial Reporting Developments - Revenue recognition: Multiple element arrangements
    We have updated our Financial Reporting Developments publication on multiple-element arrangements to reflect our current understanding of this guidance.

    15 May 2015

    Financial Reporting Developments - Accounting changes and error corrections
    We are issuing our Financial Reporting Developments publication on accounting changes and error corrections. This publication is designed to assist professionals in understanding the financial reporting issues associated with accounting changes (including changes in accounting principle, changes in estimates and changes in reporting entity) and error corrections.

    27 February 2015

    Financial Reporting Developments - Exit or disposal cost obligations
    We have updated our Financial Reporting Developments publication on exit or disposal cost obligations to provide additional interpretive guidance.

    17 December 2014

    Financial Reporting Developments - Business combinations
    We have updated the pushdown accounting guidance in our Financial reporting developments publication on business combinations for Accounting Standards Update 2014-17, Pushdown Accounting - a consensus of the FASB Emerging Issues Task Force, and for SEC staff remarks at the 2014 AICPA Conference on Current SEC and PCAOB Developments relating to the presentation of expenses related to a business combination in which pushdown accounting was applied.

    4 December 2014

    Financial Reporting Developments - Derivatives and hedging
    We have updated our Financial reporting developments publication on derivatives and hedging for the amendments made to Accounting Standards Codification Topic 815 by Accounting Standards Update 2014-03, Accounting for Certain Receive-Variable, Pay-Fixed Interest Rate Swaps - Simplified Hedge Accounting Approach. This update also provides clarifications and enhancements to our interpretative guidance. Refer to Appendix F of the publication for a detailed list of these updates.

    12 November 2014

    Financial Reporting Developments - Discontinued operations
    We have updated our Financial Reporting Developments publication on discontinued operations for further clarification and enhancements to our interpretative guidance.

    12 November 2014

    Financial Reporting Developments - Discontinued operations (following the adoption of ASU 2014-08)
    We have issued our Financial reporting developments publication on reporting discontinued operations following the adoption of Accounting Standards Update (ASU) 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. The ASU changes the definition of a discontinued operation and requires new disclosures of discontinued operations and certain other disposals that do not meet the definition of a discontinued operation. The guidance is effective for calendar year-end companies in 2015, and early adoption is permitted.

    22 October 2014

    Financial Reporting Developments - Bankruptcies, liquidations and quasi-reorganizations
    We have updated our FRD on bankruptcy, liquidation and quasi-reorganizations to include interpretative guidance on issues faced by entities during and upon emergence from Chapter 11 bankruptcy. Refer to Appendix B of the publication for a detailed listing of these updates.

    18 September 2014

    Financial Reporting Developments - Equity method investments
    We have updated our Financial Reporting Developments publication on equity method investments to reflect the issuance of Accounting Standards Update (ASU) No. 2014-01, Accounting for Investments in Qualified Affordable Housing Projects, as well as ASU No. 2014-02, Accounting for Goodwill, a consensus of the Private Company Council. See Appendix F for more detail on other updates to this publication.

    18 September 2014

    Financial Reporting Developments - Income taxes
    We have updated our Financial reporting developments publication on income taxes to enhance our interpretative guidance. See Appendix D for details on these updates.

    15 September 2014

    Financial Reporting Developments - Consolidation and the Variable Interest Model: Determination of a controlling financial interest
    We have updated our Financial reporting developments publication, Consolidation and the Variable Interest Model, for recent standard-setting activities and provided further clarifications and enhancements to our interpretative guidance. Refer to Appendix I of the publication for a list of these updates.

    5 June 2014

    Financial Reporting Developments - Issuer’s accounting for debt and equity financings
    We have updated our FRD publication on issuer’s accounting for debt and equity financings to include, among other things, new interpretative guidance on debt issuance costs, trade accounts payable transactions and the subsequent measurement of certain redeemable equity instruments. Refer to Appendix F of the publication for a detailed listing of these updates.

    26 July 2013

    Financial Reporting Developments - Accounting for certain debt and equity securities
    We have updated our Financial reporting developments publication on the accounting for investments in certain debt and equity securities to further clarify and enhance our guidance, including our guidance on the SEC staff's views about beneficial interests that should be considered of "high credit quality."

    12 November 2012

    Financial Reporting Developments - Accounting for reinsurance
    We have updated our Financial Reporting Development, Accounting for Reinsurance, which was first published in December 1993. The updates include changes to the deposit accounting and long duration chapters, along with references to the FASB Accounting Standards Codification.

    17 May 2012

    Financial Reporting Developments - Insurance contract modifications or exchanges
    We have updated our FRD on the accounting for deferred acquisition costs in connection with modifications or exchanges of insurance contracts. Most of the changes reflect the adoption of the Accounting Standards Codification.

    1 September 2010

    Financial Reporting Developments - Proposed accounting for leases
    Our FRD outlines the principles in the FASB and IASB joint proposal on leasing and highlights some of the more significant implications of the proposed changes.