AccountingLink

 

20 March 2014

To the Point - Boards back away from some key aspects of leases proposal (pdf, 124.2kb)

Summarizes the Boards' redeliberations for the leasing project.

14 March 2014

EITF Update - March 2014(pdf, 169.2kb)

Discusses the final consensus and consensus-for-exposure reached at the March EITF meeting.

13 March 2014

Accounting pronouncements effective for the first quarter of 2014 (pdf, 129.6kb)

Lists accounting pronouncements effective for the first quarter of 2014.

13 March 2014

To the Point - FASB sets path on changes to accounting for financial instruments (pdf, 108.1kb)

Summarizes the FASB's future plans related to its financial instruments project.

6 March 2014

Technical Line - A closer look at the new definition of a public business entity (pdf, 245kb)

Tells you what you need to know about the new definition of a public business entity.

6 March 2014

To the Point - A framework to help the FASB establish effective disclosures (pdf, 94.7kb)

Summarizes the proposal to improve the FASB’s process for establishing disclosure requirements.

20 February 2014

To the Point - FASB scales back scope of insurance contracts project (pdf, 106.8kb)

Summarizes the FASB decision to scale back the scope of the insurance contracts project.

12 February 2014

Comment Letter - Improving the transparency of audits (pdf, 185.3kb)

Provides EY views related to the PCAOB proposal to identify engagement partners and certain other participants in audits.

3 February 2014

Comment Letter - Crowdfunding (pdf, 210kb)

Provides EY views related to the SEC proposal on crowdfunding.

30 January 2014

Technical Line - Certain private companies can now use simplified hedge accounting (pdf, 192.5kb)

Discusses new guidance that makes it easier for certain private companies to qualify for hedge accounting for certain interest rate swaps.

30 January 2014

To the Point - PCC finalizes consolidation alternative and drops a proposal (pdf, 103kb)

Summarizes the topics discussed at the PCC meeting on 28 January 2014.

28 January 2014

To the Point - Board issues final guidance for service concession arrangements (pdf, 115.2kb)

Discusses the FASB final guidance for service concession arrangements.

16 January 2014

NAIC Bulletin - Fall 2013 edition (pdf, 204.2kb)

Highlights significant issues addressed at the fall 2013 meeting of the National Association of Insurance Commissioners.

16 January 2014

To the Point - A new method of accounting for investments in qualified affordable housing projects (pdf, 115.5kb)

The new FASB rule allows investors to elect to use the proportional amortization method to account for investments in qualified affordable housing projects.

16 January 2014

To the Point - An easier way for certain private companies to account for goodwill (pdf, 113.2kb)

Summarizes the new FASB rule that simplifies the accounting for goodwill for certain private companies.

13 January 2014

2013 Standard Setter Update - Financial reporting and accounting developments (pdf, 2.6mb)

Highlights 2013 standard-setter developments.

9 January 2014

Quarterly tax developments - December 2013 (pdf, 3.5mb)

Summarizes key income tax developments during the fourth quarter of 2013.

9 January 2014

SEC in Focus - January 2014 (pdf, 240.2kb)

Discusses fourth quarter 2013 SEC developments.

9 January 2014

Technical Line - ‘Tax extenders’ have expired — once again (pdf, 92.1kb)

Discusses accounting consequences of "tax extender" reinstatements.

9 January 2014

Technical Line - Federal grant policies for recipients are streamlined and changed (pdf, 251.7kb)

Summarizes how the OMB has streamlined and consolidated its grant guidance to make federal programs more efficient and effective.

2 January 2014

To the Point - SEC staff recommends a comprehensive review of SEC disclosure requirements (pdf, 133.4kb)

Summarizes the SEC staff’s findings and recommendations to be considered for future revisions to disclosure requirements as they apply to all public companies.

19 December 2013

Financial Reporting Briefs - Fourth quarter 2013 (pdf, 1.4mb)

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

19 December 2013

To the Point - SEC proposes 'Regulation A+' to expand exempt offerings (pdf, 127.3kb)

Provides a summary of the proposed rule that would make it easier for small businesses to access the capital markets.

19 December 2013

US GAAP/IFRS accounting differences identifier tool (pdf, 3mb)

Developed to help entities that are converting from US GAAP to IFRS.

18 December 2013

Comment Letter - Proposed auditing standards on the auditor's report and the auditor's responsibilities regarding other information and related amendments (pdf, 297.4kb)

Provides EY views on the PCAOB's effort to enhance the auditor’s report.

16 December 2013

2013 AICPA National Conference on Current SEC and PCAOB Developments (pdf, 426.5kb)

Highlights comments made by SEC, PCAOB, FASB and IASB officials at the 2013 AICPA National Conference on Current SEC and PCAOB Developments.

12 December 2013

Accounting pronouncements effective in 2013 (pdf, 129.4kb)

Lists accounting pronouncements effective in 2013.

5 December 2013

To the Point - It’s time to start preparing for the new revenue standard (pdf, 108.6kb)  

Discusses factors to consider for a successful implementation of the new revenue standard.

4 December 2013

SEC Comments and Trends - December 2013 - Media and entertainment industry supplement (pdf, 253.2kb)  

Provides insights into the SEC staff's concerns and areas of focus involving M&E companies.

2 December 2013

Comment Letter - Pay ratio disclosure (pdf, 126.9kb)  

Provides EY views related to the SEC proposal on pay ratio disclosure.

26 November 2013

Technical Line - Considerations for determining whether to elect PCC accounting alternatives (pdf, 142.6kb)  

Addresses recent FASB actions endorsing alternative goodwill and hedge accounting models for private companies and considerations for determining whether and when to elect these alternatives.

21 November 2013

To the Point - Boards to redeliberate key aspects of lease accounting - again (pdf, 115.3kb)  

Discusses the Boards' decision to redeliberate the lease accounting proposal.

20 November 2013

To the Point - Discontinued operations to reflect strategic shifts (pdf, 96.8kb)  

Summarizes the FASB's plans to change the definition of a discontinued operation.

19 November 2013

Financial Reporting Developments - Bankruptcies, liquidations and quasi-reorganizations (pdf, 1.3mb)  

Updated to include guidance on applying ASU 2013-07, Liquidation basis of accounting.

15 November 2013

EITF Update - November 2013 (pdf, 192.8kb)

Discusses the four final consensuses reached at the November meeting.

14 November 2013

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

Updated to add a new chapter with interpretive guidance on preparing condensed consolidating financial information under SEC Rule 3-10 of Regulation S-X.

14 November 2013

To the Point - PCC votes to finalize consolidation alternative, discusses other topics (pdf, 118kb)

Summarizes the topics discussed at the PCC meeting on 12 November 2013.

8 November 2013

To the Point - Defining host contracts in hybrid instruments issued as shares (pdf, 152.9kb)

Summarizes a proposal on entities that issue or invest in hybrid instruments issued in the form of shares.

7 November 2013

The JOBS Act: 18 months later (pdf, 652kb)

Provides an update on the Jobs Act implementation.

7 November 2013

Technical Line - Implementing the JOBS Act – Updated (pdf, 243.3kb)

Provides an update on the Jobs Act.

7 November 2013

Technical Line - How to apply S-X Rule 3-14 and the latest SEC staff guidance to real estate acquisitions (pdf, 294.3kb)

Provides recently revised its guidance on the S-X Rule 3-14 reporting requirements for acquisitions of real estate operations.

31 October 2013

To the Point - Boards conclude redeliberations on revenue recognition proposal (pdf, 102.7kb)  

The Boards decided to set thresholds for collectibility and the constraint on variable consideration and to clarify the accounting for revenue from licenses of intellectual property.

30 October 2013

Comment Letter - SEC reproposal on credit risk retention (pdf, 126.5kb)  

Provides EY views on the reproposal and focuses on the consolidation accounting ramifications.

28 October 2013

Comment Letter - FASB proposed ASU on insurance contracts (pdf, 991.3kb)  

Our comment letter encourages the FASB and IASB to work together and suggests issues that the FASB needs to address.

24 October 2013

To the Point - SEC proposes rules to permit crowdfunding (pdf, 114kb)  

Summarizes the new SEC rule on crowdfunding.

24 October 2013

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

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

17 October 2013

Financial Reporting Developments - Earnings per share (pdf, 1.1mb)  

We have updated our FRD to enhance our interpretative guidance.

17 October 2013

Third quarter 2013 Standard Setter Update (pdf, 2mb)

Summarizes third quarter 2013 standard setter events.

15 October 2013

Financial Reporting Developments - Equity method investments (pdf, 1.2mb)

Clarifies and enhances our guidance on the accounting for equity method investments.

14 October 2013

Comment Letter - PCC proposal on applying variable interest entity guidance to common control leasing arrangements (pdf, 361.4kb)  

Provides EY views on the PCC proposal related to variable interest entities.

10 October 2013

Financial Reporting Developments - Derivatives and hedging (pdf, 5.3mb)

Our FRD has been updated to incorporate new standard-setter guidance and reorganized to help you better navigate through the guidance.

10 October 2013

Technical Line - How investment companies would apply the new guidance on liquidation basis accounting (pdf, 194.5kb)

Describes what investment companies need to know about when and how to apply the liquidation basis of accounting.

8 October 2013

Quarterly tax developments - September 2013 (pdf, 2.8mb)

Summarizes key income tax developments during the third quarter of 2013.

8 October 2013

SEC in Focus - October 2013 (pdf, 233.6kb)

Discusses third quarter 2013 SEC developments.

26 September 2013

SEC Comments and Trends - 2013 supplement (pdf, 420.1kb)

Provides an overview of recent SEC staff issues.

26 September 2013

To the Point - Sweeping changes to auditor’s report may be on the horizon (pdf, 146.9kb)

Summarizes the PCAOB's proposal that would significantly change the auditor reporting model.

24 September 2013

Comment Letter - FASB proposal on going concern uncertainties (pdf, 113.6kb)

Provides EY views on the FASB's proposal.

20 September 2013

Comment letter - Definition of a public business entity (pdf, 176.2kb)

Provides EY views on the FASB's proposal.

19 September 2013

Financial Reporting Briefs - Third quarter 2013 (pdf, 2mb)

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

19 September 2013

Financial Reporting Developments - Accounting for income taxes (pdf, 5.3mb)

Provides updated interpretive guidance on income taxes.

19 September 2013

To the Point - Boards’ deliberations on remaining topics delay final revenue standard (pdf, 334.4kb)

Summarizes discussions at this week's FASB/IASB meeting.

19 September 2013

To the Point - SEC proposes rule requiring most companies to disclose 'pay ratio' (pdf, 383.9kb)

Summarizes the SEC proposal requiring the calculation and disclosure of a pay ratio.

18 September 2013

To the Point - FASB chairman sets new priorities (pdf, 248.1kb)

Summarizes the priorities of the FASB under its new chairman, Russell Golden.

17 September 2013

Accounting pronouncements effective for the third quarter of 2013 (pdf, 351.7kb)

Provides a summary of accounting pronouncements effective in the third quarter of 2013.

16 September 2013

EITF Update - September 2013 (pdf, 535.7kb)

Discusses two consensus-for-exposure reached at the September meeting.

13 September 2013

Comment Letter - FASB/IASB proposal on leasing (pdf, 645.7kb)

Provides EY views on the joint FASB/IASB leasing proposal.

12 September 2013

Comment Letter - SEC money market proposal (pdf, 224.3kb)

Provides our views on the SEC proposal.

9 September 2013

NAIC Bulletin - Summer 2013 edition (pdf, 135.8kb)

Highlights significant issues addressed at the summer 2013 meeting of the National Association of Insurance Commissioners.

5 September 2013

Technical Line - A closer look at the new lease accounting proposal - telecommunications (pdf, 805.6kb)

Summarizes the effect the revised joint proposal on leases could have on telecommunication companies.

4 September 2013

Technical Line - How to apply S-X Rule 3-14 and the latest SEC staff guidance to real estate acquisitions (pdf, 646.7kb)

Summarizes revised S-X Rule 3-14 reporting requirements for acquisitions of real estate operations.