AccountingLink

Financial Reporting Developments

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.

26 November 2014

Financial Reporting Developments - Lease accounting
We have updated our FRD publication on lease accounting to address new guidance issued by the FASB in ASU 2014-05, Service Concession Arrangements (primarily codified in ASC 853, Service Concession Arrangements). Arrangements within the scope of ASC 853 are not within the scope of ASC 840, Leases. Other updates include additional considerations for evaluating non-performance covenants when classifying and measuring a lease and illustrative guidance for determining the inputs to a sales-type lease. Refer to Appendix D of the publication for a detailed list of 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.

12 November 2014

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.

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 - Accounting for 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.

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.

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.

23 July 2014

Financial Reporting Developments - Consolidated and other financial statements: Noncontrolling interests, combined financial statements, parent company financial statements and consolidating financial statements
We have updated our Financial reporting developments publication on consolidated and other financial statements to clarify and enhance our interpretative guidance. Refer to Appendix C of the publication for a detailed list of these updates.

21 July 2014

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.

15 July 2014

Financial Reporting Developments - Share-based payments
We have updated our Financial Reporting Developments publication on share-based payment to reflect the FASB’s ASU 2014-12, Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period, and to clarify and enhance our interpretative guidance. Refer to Appendix F of the publication for a detailed list of these updates.

9 July 2014

Financial Reporting Developments - Intangibles - Goodwill and other
We have updated our FRD on goodwill and intangible assets to include guidance on the private company accounting alternative for goodwill and to make other enhancements to our interpretative guidance. Refer to Appendix D of the publication for a detailed list of these updates.

1 July 2014

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.

19 June 2014

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.

12 June 2014

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.

10 June 2014

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.

10 June 2014

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.

5 June 2014

Financial Reporting Developments - Foreign currency matters
We have updated our Financial reporting developments publication on foreign currency matters to clarify and enhance our interpretative guidance. Refer to Appendix C of the publication for a detailed 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.

28 May 2014

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.

20 May 2014

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.

20 May 2014

Financial Reporting Developments - Earnings per share
We have updated our Financial Reporting Developments publication, Earnings per share, to clarify our guidance regarding, among other things, the average market price of a company’s common stock when applying the treasury stock method to pre-IPO periods, allocating undistributed losses under the two-class method in certain situations and considerations for evaluating a registrant’s stated policy of settling certain contracts in cash.

20 May 2014

Financial Reporting Developments - Fair value measurement
We have updated our Financial reporting developments publication on fair value measurement to provide clarifications and enhancements to our interpretative guidance. The updates include new interpretive guidance regarding centrally cleared derivatives, clarified fair value considerations for the oil and gas industry, and a summary of SEC staff comments in the area of fair value measurements. Refer to Appendix F of the publication for a detailed listing of these updates.

20 May 2014

Financial Reporting Developments - Transfers and servicing of financial assets
We have updated our Financial Reporting Developments publication on transfers and servicing of financial assets for further clarification and enhancements to our interpretative guidance.

19 May 2014

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.

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 June 2011

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.

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.

1 August 2010

Financial Reporting Developments - The road to convergence: the revenue recognition proposal
Our FRD outlines the principles in the FASB and IASB joint proposal on revenue recognition and highlights some of the more significant implications of the proposed revenue recognition model.