AccountingLink

Financial Reporting Developments

17 December 2013

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 November 2013

Financial Reporting Developments - Bankruptcies, liquidations and quasi-reorganizations
We have updated our Financial Reporting Developments publication on bankruptcies, liquidations and quasi-reorganizations to include guidance on applying ASU 2013-07, Liquidation basis of accounting, and to include guidance on accounting for quasi-reorganizations.

14 November 2013

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, Consolidated and other financial statements, by adding a new chapter with interpretive guidance on preparing condensed consolidating financial information under SEC Rule 3-10 of Regulation S-X. Among other things, we also shortened the discussion on accounting for certain equity contracts on the stock of a subsidiary that was formerly in this publication, and added cross references to our other publications that address this accounting in more detail.

7 November 2013

Financial Reporting Developments - Business combinations
We have updated our Financial Reporting Developments publication on business combinations to incorporate guidance from two Technical Line publications on complex deal structures and to make other enhancements to our interpretive guidance.

7 November 2013

Financial Reporting Developments - Intangibles - Goodwill and other
We have updated our Financial Reporting Developments publication on intangible assets and goodwill to include a comprehensive example on the application of the qualitative assessment for goodwill and to make other enhancements to our guidance.

30 October 2013

Financial Reporting Developments - Lease accounting
We have updated our Financial Reporting Developments publication on lease accounting to provide additional interpretive guidance.

24 October 2013

Financial Reporting Developments - Share-based payments
We have updated our Financial Reporting Developments publication on share-based payments to reflect the latest guidance on common practice issues. In addition, we have removed guidance relating to the income tax accounting considerations of share-based payments that was formerly included in this publication, since all income tax related topics have been consolidated in our publication on ASC 740, Income Taxes.

17 October 2013

Financial Reporting Developments - Earnings per share
We have updated our Financial Reporting Developments publication, Earnings per share, to enhance our interpretative guidance by noting, among other things, that the presumption of share settlement for earnings-per-share purposes of equity-linked instruments may affect the numerator of the diluted earnings-per-share calculation. We also added guidance on the earnings-per-share calculation for the carve-out of an existing business or previously existing subsidiary and expanded guidance on pro forma earnings per share.

15 October 2013

Financial Reporting Developments - Equity method investments
We have issued our Financial reporting developments publication on equity method investments to clarify and enhance our guidance on the accounting for such investments in accordance with ASC 323.

15 October 2013

Financial Reporting Developments - Real estate sales
We have updated our Financial Reporting Developments publication on real estate sales to provide additional interpretive guidance.

10 October 2013

Financial Reporting Developments - Derivatives and hedging
We have updated our Financial reporting developments publication on derivative instruments and hedging activities. Chapters 1, 4, and 8 of our FRD have been updated to incorporate ASU 2013-01 Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities and ASU 2013-10 Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes. Additionally, we have reorganized some of the content to help you better navigate through the guidance.

19 September 2013

Financial Reporting Developments - Accounting for income taxes
We have updated our Financial reporting developments publication, Income taxes. This updated edition includes further enhancements to our interpretative guidance. See Appendix D for details on the 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."

18 July 2013

Financial Reporting Developments - Fair value measurement
We have updated our Financial reporting developments publication on fair value measurement for recent standard-setting activities and to provide clarifications and enhancements to our interpretative guidance. Chapters 3, 6, 18 and 19 of our FRD have been updated to address amendments made to ASC 820 by ASU 2012-02, ASU 2012-04, ASU 2013-03, ASU 2013-08 and ASU 2013-09. In addition, Industry Appendix IA.2 dealing with fair value considerations for the private equity industry has been updated to discuss TIS Sections 6910.34 and 6910.35 of the AICPA Technical Practice Aids for Investment Companies. Additional interpretive guidance on the fair value disclosure requirements in ASC 820, including clarification of the requirements for cash equivalents, is also included.

18 July 2013

Financial Reporting Developments - Foreign currency matters
We have updated our Financial reporting developments publication, Foreign currency matters, primarily for the issuance of ASU 2013-05, Parent's Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity. Additionally, we have reorganized some of the content to include more examples and made other limited clarifications.

20 June 2013

Financial Reporting Developments - Consolidation and the Variable Interest Model: Determination of a controlling financial interest
We have reorganized our Financial reporting developments publication on consolidation to help you navigate through the Variable Interest Model. We also have added an overview of the model and some common misconceptions. Our new title, Consolidation and the Variable Interest Model: Determination of a controlling financial interest, reflects these changes. In our new FRD, you’ll also find updates on recent standard-setting activities, clarifications and enhancements to our interpretative guidance and an appendix on applying the Voting Model.

13 June 2013

Financial Reporting Developments - Issuer’s accounting for debt and equity financings
We have updated this publication primarily to include guidance on debt modifications and troubled debt restructurings, the classification and presentation of debt, advanced bond refundings and joint and several liabilities. We have also clarified certain guidance on evaluating the effect of a third party intermediary’s involvement in a debt modification and how mandatory redemption features embedded in a hybrid financial instrument should be evaluated in determining the nature of the instrument’s host. We also clarify that the induced conversion guidance generally should not be applied to cash convertible instruments when an issuer repurchases its own debt in the market at fair value.

1 March 2013

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 January 2013

Financial Reporting Developments - Joint ventures
Our new Financial reporting developments publication, Joint ventures, is designed to help properly identify joint ventures and understand the related accounting issues. This publication addresses the latest guidance and views on the accounting applied by both a joint venture and its venturers for noncash assets contributed at formation.

2 January 2013

Financial Reporting Developments - Segment reporting - Accounting Standards Codification 280
We have updated our Financial Reporting Developments, Segment reporting, to further clarify and enhance our interpretive guidance.

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.

1 September 2012

Financial Reporting Developments - Software: Revenue recognition
We have updated our FRD to clarify our guidance and reflect evolving industry practice for questions 3-19, Establishment of VSOE of fair value of PCS or other services subsequent to the outset of the arrangement, 7-11, Approaches to establishing VSOE of fair value of PCS and 9-3, Accounting for PCS services included in arrangements accounted for using contract accounting.

29 May 2012

Financial Reporting Developments - Discontinued operations
We have updated our Financial Reporting Developments publication on discontinued operations to provide additional interpretive guidance.

23 May 2012

Financial Reporting Developments - Revenue recognition: Multiple element arrangements
We have updated our Financial Reporting Developments publication, Revenue recognition – Multiple element arrangements, to include additional implementation guidance related to liquidated damages, determining the best estimate of selling price and capitalized costs in a revenue transaction.

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.

9 May 2012

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.

1 October 2011

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.

1 July 2011

Financial Reporting Developments - Real estate project costs
We have updated our Financial Reporting Developments publication on real estate costs to provide additional interpretive guidance.

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.