AccountingLink

 

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.

28 March 2014

To the Point - Washington focuses on cybersecurity (pdf, 120.7kb)

Summarizes the SEC's roundtable on cybersecurity.

27 March 2014

Financial Reporting Briefs - First quarter 2014 (pdf, 1.9mb)

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

27 March 2014

Technical Line - Venezuela - reconsidering exchange rates used for remeasurement (pdf, 182.3kb)

Discusses factors that companies with operations in Venezuela should consider when determining the appropriate foreign exchange rate.

24 March 2014

Comment letter - SEC 'Regulation A+' proposal (pdf, 264.3kb)

Provides EY views on the SEC 'Regulation A+' proposal.

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.