AccountingLink

 

23 September 2014

SEC Comments and Trends - September 2014 (pdf, 1mb)

Provides an overview of several of the issues the SEC staff is focusing on in its recent comments to registrants.

19 September 2014

EITF Update - September 2014 (pdf, 173.7kb)

Discusses the two final consensuses and two consensuses-for-exposure reached at the September EITF meeting.

18 September 2014

Financial Reporting Briefs - Third quarter 2014 (pdf, 2.3mb)

Provides an update on third quarter financial reporting developments. Industry-specific versions are available.

18 September 2014

Financial Reporting Developments - Accounting for income taxes (pdf, 3.9mb)

Updated to enhance our interpretative guidance.

18 September 2014

Financial Reporting Developments - Equity method investments (pdf, 1.3mb)

Updated to reflect the issuance of guidance related to equity method investments.

18 September 2014

To the Point - PCC wraps up intangible assets and discusses share-based payments (pdf, 120.1kb)

Summarizes the topics discussed at the PCC meeting on 16 September 2014.

17 September 2014

Technical Line - The new revenue recognition standard - engineering and construction (pdf, 356.3kb)

Considers key implications of the revenue recognition standard for engineering and construction entities.

16 September 2014

Financial Reporting Developments - Business combinations (pdf, 3.1mb)

Updated to clarify and enhance our interpretative guidance.

15 September 2014

Financial Reporting Developments - Consolidation and the Variable Interest Model: Determination of a controlling financial interest (pdf, 2.8mb)

Updated for recent standard-setting activities and further clarifications to our interpretative guidance.

15 September 2014

Technical Line - GAO updates internal control standards for the federal government (pdf, 171.9kb)

Explains the updated internal control standards for the federal government.

4 September 2014

Technical Line - The new revenue recognition standard - aerospace and defense (pdf, 139.8kb)

Considers key implications of the revenue recognition standard for aerospace and defense entities.

4 September 2014

To the Point - FASB requires management to assess an entity’s ability to continue as a going concern (pdf, 116.6kb)

Explains requirements to evaluate for the ability to continue as a going concern.

3 September 2014

To the Point - FASB addresses sale and leasebacks, US GAAP topics in leases project (pdf, 123.8kb)

Discusses the clarified guidance on accounting for sale and leaseback transactions.

28 August 2014

Technical Line - The new revenue recognition standard - airlines (pdf, 118.3kb)

Considers key implications of the revenue recognition standard for airline entities.

28 August 2014

Technical Line - The new revenue recognition standard - banking (pdf, 525.1kb)

Considers key implications of the revenue recognition standard for Banking entities.

28 August 2014

Technical Line - The new revenue recognition standard - brokers and dealers in securities (pdf, 275.9kb)

Considers key implications of the revenue recognition standard for brokers and dealers in securities entities.

28 August 2014

Technical Line - The new revenue recognition standard - insurance (pdf, 116.2kb)

Considers key implications of the revenue recognition standard for Insurance entities.

28 August 2014

Technical Line - The new revenue recognition standard - real estate (pdf, 315.6kb)

Considers key implications of the revenue recognition standard for real estate entities.

28 August 2014

To the Point - FASB decides to change accounting and disclosures for long-duration insurance contracts (pdf, 98.5kb)

Explains how insurers will need to change their accounting and disclosures for long-duration insurance contracts.

27 August 2014

Technical Line - The new revenue recognition standard - automotive (pdf, 127.6kb)

Considers key implications of the revenue recognition standard for automotive entities.

27 August 2014

Technical Line - The new revenue recognition standard - media and entertainment (pdf, 294.5kb)

Considers key implications of the revenue recognition standard for media and entertainment entities.

27 August 2014

Technical Line - The new revenue recognition standard - mining and metals (pdf, 127.5kb)

Considers key implications of the revenue recognition standard for mining and metals entities.

27 August 2014

Technical Line - The new revenue recognition standard - power and utilities (pdf, 119.3kb)

Considers key implications of the revenue recognition standard for power and utilities entities.

27 August 2014

Technical Line - The new revenue recognition standard - telecommunications (pdf, 324.5kb)

Considers key implications of the revenue recognition standard for telecommunications entities.

26 August 2014

Technical Line - The new revenue recognition standard - oil and gas (pdf, 126.2kb)

Considers key implications of the revenue recognition standard for oil and gas entities.

26 August 2014

Technical Line - The new revenue recognition standard - retail and consumer products (pdf, 122.7kb)

Considers key implications of the revenue recognition standard for retail and consumer products entities.

26 August 2014

Technical Line - The new revenue recognition standard - software and cloud services (pdf, 364.8kb)

Considers key implications of the revenue recognition standard for software and cloud services entities.

26 August 2014

Technical Line - The new revenue recognition standard - technology (pdf, 293.9kb)

Considers key implications of the revenue recognition standard for technology entities.

25 August 2014

Technical Line - The new revenue recognition standard - health care (pdf, 124.4kb)

Considers key implications of the revenue recognition standard for health care entities.

25 August 2014

Technical Line - The new revenue recognition standard - life sciences (pdf, 124.5kb)

Considers key implications of the revenue recognition standard for life sciences entities.

21 August 2014

The JOBS Act: 2014 mid-year update (pdf, 606kb)

Provides an update on the Jobs Act implementation.

14 August 2014

Financial Reporting Developments - Lease accounting (pdf, 2.1mb)

This document outlines the accounting requirements related to lease accounting.

14 August 2014

Technical Line - The new revenue recognition standard - asset management (pdf, 254.4kb)

Considers key implications of the revenue recognition standard for asset managers.

14 August 2014

Technical Line - GASB proposes changes  in accounting for other postemployment benefits (pdf, 211.2kb)

Analyzes the GASB proposal for changing the way governments record the costs and obligations associated with defined benefit OPEB plans.

14 August 2014

To the Point - FASB to issue final guidance on short-duration insurance disclosures (pdf, 101.5kb)

Discusses the standard requiring insurers to make additional disclosures about their short-duration insurance contracts.

14 August 2014

To the Point - New projects added to FASB and EITF agendas (pdf, 119.5kb)

Details the projects added to the agenda of the FASB and the EITF.

7 August 2014

To the Point - FASB provides a measurement alternative for consolidated CFE (pdf, 134.5kb)

Discusses the FASB guidance for measuring a consolidated collateralized financing entity.

25 July 2014

To the Point - SEC adopts rules to minimize money market funds’ exposure to rapid redemptions (pdf, 110.6kb)

Explains the SEC rules to minimize money market funds’ exposure to rapid redemptions.

24 July 2014

To the Point - Boards address sale and leaseback transactions, lessor disclosures (pdf, 137.7kb)

Discusses the continued redeliberation of the 2013 joint proposal on leases.

23 July 2014

Financial Reporting Developments - Consolidated and other financial statements: Noncontrolling interests, combined financial statements, parent company financial statements and consolidating financial statements (pdf, 1.7mb)

This publication discusses the accounting and reporting for business combinations and any noncontrolling interests in consolidated financial statements.

23 July 2014

To the Point - Joint Transition Resource Group for Revenue Recognition debates implementation issues (pdf, 125.2kb)

Summarizes the discussion at the first meeting of the Joint Transition Resource Group for Revenue Recognition.

17 July 2014

To the Point - PCC discusses how to simplify the accounting for intangible assets and other potential projects (pdf, 121kb)

Summarizes the topics discussed at the PCC meeting on 15 July 2014.

17 July 2014

To the Point - Proposals would eliminate extraordinary items and simplify accounting for inventory (pdf, 119.1kb)

Discusses the FASB proposals to simplify income statement presentation by eliminating extraordinary items.

15 July 2014

Financial Reporting Developments - Share-based payment (pdf, 2.8mb)

This document outlines the accounting requirements related to share-based payment.

14 July 2014

Comment Letter - Chapter 8: Notes to financial statements (pdf, 2.4mb)

This comment letter supports the FASB’s objective of improving disclosure effectiveness in the notes to the financial statements by developing a framework.

11 July 2014

Second quarter 2014 Standard Setter Update (pdf, 1.8mb)

Summarizes second quarter 2014 standard setter events.

10 July 2014

To the Point - Audit committee considerations for the new revenue standard (pdf, 118.8kb)

Discusses questions audit committee members may want to ask regarding the implementation of the joint revenue recognition standard.

9 July 2014

Financial Reporting Developments - Intangibles - Goodwill and other (pdf, 1.8mb)

Updated to include guidance on the private company accounting alternative for goodwill and other interpretive guidance.

9 July 2014

Quarterly tax developments - June 2014 (pdf, 1.9mb)

Summarizes key income tax developments during the second quarter of 2014.

3 July 2014

SEC in Focus - July 2014 (pdf, 295.7kb)

Discusses second quarter 2014 SEC developments.

23 June 2014

Comment Letter - AICPA’s proposed statement on standards for attestation engagements (pdf, 44.7kb)

Provides EY views on the AICPA’s proposed statement on standards for attestation engagements.

19 June 2014

Financial Reporting Developments - Segment reporting (pdf, 731.4kb)

Updated to further clarify and enhance our interpretive guidance.

19 June 2014

Technical Line - FASB changes accounting for certain repurchase agreements and requires new disclosures (pdf, 369.2kb)

Analyzes new guidance for accounting for certain repurchase agreements.

19 June 2014

Technical Line - Using the 2014 XBRL US GAAP Taxonomy (pdf, 176.9kb)

Summarizes leading practices for selecting the most appropriate XBRL tags for transitioning to the 2014 taxonomy.

19 June 2014

To the Point - Awards with targets that affect vesting and that could be achieved after the requisite service period (pdf, 114.1kb)

Discusses final guidance that a performance target that affects vesting and that could be achieved after the requisite service period is a performance condition.

19 June 2014

To the Point - Boards continue their march toward new leases standard (pdf, 124.1kb)

Discusses developments on the joint proposal on leases.

18 June 2014

Financial Reporting Developments - Bankruptcies, liquidations and quasi-reorganizations (pdf, 1.4mb)

Updated to include interpretative guidance on issues faced by entities during and upon emergence from Chapter 11 bankruptcy.

16 June 2014

Technical Line - A closer look at the new revenue recognition standard (pdf, 1.3mb)

Analyzes the new guidance and highlights key changes from current practice.

16 June 2014

Technical Line - New revenue standard affects more than just revenue (pdf, 146.7kb)

Focuses on significant changes the FASB made to other parts of US GAAP through the consequential amendments.

13 June 2014

EITF Update - June 2014 (pdf, 163.1kb)

Discusses the two final consensuses reached at the June EITF meeting.

12 June 2014

Financial Reporting Briefs - Second quarter 2014 (pdf, 704.5kb)

Provides an update on second quarter financial reporting developments. Industry-specific versions are available.

12 June 2014

Financial Reporting Developments - Joint ventures (pdf, 528.9kb)

Updated to clarify and enhance our interpretive guidance on transfers and servicing of financial assets.

5 June 2014

Financial Reporting Developments - Foreign currency matters (pdf, 931.2kb)

Updated to clarify and enhance our interpretive guidance.

5 June 2014

Financial Reporting Developments - Issuer’s accounting for debt and equity financings (pdf, 3.1mb)

Updated to provide additional interpretive guidance related to the accounting for debt and equity financings.

5 June 2014

To the Point - FASB decides to require additional disclosures for short-duration insurance contracts (pdf, 100.6kb)

Summarizes recent FASB decisions to expand disclosures for short-duration insurance contracts.

29 May 2014

To the Point - Is it a lease? Boards defer decision on definition, make progress on other topics in leases project (pdf, 138.6kb)

Discusses the FASB and IASB progress on the joint proposal on leases.

28 May 2014

To the Point - Boards issue sweeping joint revenue standard (pdf, 130kb)

Discusses the FASB and the IASB converged standards for recognizing revenue.

15 May 2014

To the Point - New mortality tables proposed: longer lives could mean higher benefit plan obligations (pdf, 113.6kb)

Discusses the new mortality tables proposed by the Society of Actuaries.

15 May 2014

Transitioning to the 2013 COSO Framework for External Financial Reporting Purposes (pdf, 489.5kb)

Provides considerations for making the transition to the 2013 framework.

5 May 2014

To the Point - SEC moves ahead with modified conflict minerals reporting (pdf, 107.5kb)

Describes the requirements still in effect for conflict minerals reporting.

1 May 2014

Technical Line - How discontinued operations are changing (pdf, 207.1kb)

Analyzes the changes in reporting discontinued operations.

1 May 2014

To the Point - PCC discusses intangible assets and adds a project on defining public and private entities (pdf, 122.8kb)

Summarizes PCC discussions on intangibles.

1 May 2014

To the Point - FASB proposes an optional pushdown accounting model (pdf, 113.7kb)

Describes the FASB proposal on pushdown accounting.

24 April 2014

To the Point - Boards make more progress on leases project (pdf, 126.4kb)

Discusses the FASB and the IASB joint decisions on leases.

17 April 2014

To the Point - FASB lays out topics it will consider for insurance industry accounting (pdf, 298.9kb)

Summarizes the FASB's recent decision to divide the project into two components: short-term contracts  and long-duration contracts.

11 April 2014

To the Point - FASB issues standard on reporting discontinued operations (pdf, 114kb)

Discusses new FASB guidance on discontinued operations.

10 April 2014

First quarter 2014 Standard Setter Update (pdf, 2mb)

Summarizes first quarter 2014 standard setter events.

10 April 2014

NAIC Bulletin - Spring 2014 edition (pdf, 213.9kb)

Highlights significant issues addressed at the spring 2014 meeting of the National Association of Insurance Commissioners.

10 April 2014

Technical Line - PCAOB considers how to enhance the auditor’s report (pdf, 471.9kb)

Summarizes the PCAOB roundtables on the new auditor reporting model and related comment letters.

10 April 2014

Technical Line - Private companies in common control leasing arrangements may be eligible for relief from VIE model (pdf, 172.5kb)

Describes new FASB private company guidance in which common control leasing arrangements may be eligible for relief from VIE model.

9 April 2014

Quarterly tax developments - March 2014 (pdf, 699.7kb)

Summarizes key income tax developments during the first quarter of 2014.

3 April 2014

SEC in Focus - April 2014 (pdf, 213.8kb)

Discusses first quarter 2014 SEC developments.