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    Financial Reporting Developments

    14 August 2019

    Financial Reporting Developments - Earnings per share
    Our FRD publication on earnings per share has been updated to reflect recent standard-setting activity.

    8 August 2019

    Financial Reporting Developments - Real estate project costs
    This FRD provides interpretive guidance on the accounting for real estate project costs.

    31 July 2019

    Financial Reporting Developments - Derivatives and hedging (after the adoption of ASU 2017-12, Targeted Improvements to Accounting for Hedging Activities)
    Our FRD publication on derivatives and hedging (after the adoption of ASU 2017-12) has been updated to reflect recent standard-setting activity and enhance our interpretative guidance. Refer to Appendix E of the publication for a summary of the updates.

    30 July 2019

    Financial Reporting Developments - Consolidation: Determination of a controlling financial interest and accounting for changes in ownership interests
    Our FRD publication on consolidation has been updated to reflect ASU 2018-17, Targeted Improvements to Related Party Guidance for Variable Interest Entities, and to enhance and clarify our interpretive guidance. See Appendix C of the publication for a summary of the updates.

    25 July 2019

    Financial Reporting Developments - Fair value measurement
    Our FRD publication on fair value measurement has been updated to further clarify and enhance our interpretative guidance. Refer to Appendix E of the publication for a summary of the updates.

    23 July 2019

    Financial Reporting Developments - Issuer’s accounting for debt and equity financings
    Our FRD publication on an issuer’s accounting for debt and equity financings has been updated to reflect recent standard-setting activity and enhance and clarify our interpretive guidance. Refer to Appendix F of the publication for a summary of the updates.

    23 July 2019

    Financial Reporting Developments - Transfers and servicing of financial assets
    Our FRD publication on transfers and servicing of financial assets has been updated to reflect recent standard-setting activity and enhance and clarify our interpretive guidance. Refer to Appendix D of the publication for a summary of significant changes.

    11 July 2019

    Financial Reporting Developments - Equity method investments and joint ventures
    Our FRD publication on equity method investments and joint ventures has been updated. See Appendix C for a summary of important changes.

    27 June 2019

    Financial Reporting Developments - Lease accounting - Accounting Standards Codification 842, Leases
    Our FRD publication on accounting for leases under ASC 842 has been updated to clarify and enhance our interpretive guidance. Refer to Appendix E of the publication for a summary of the updates.

    25 June 2019

    Financial Reporting Developments - Statement of cash flows
    Our FRD publication on statement of cash flows has been updated. See Appendix D for a summary of important changes.

    24 June 2019

    Financial Reporting Developments - Certain investments in debt and equity securities (after the adoption of ASU 2016-01)
    Our FRD on certain investments in debt and equity securities (after the adoption of ASU 2016-01) has been updated to reflect recent standard-setting activity and enhance and clarify our interpretive guidance. See Appendix E of the publication for a summary of the updates.

    24 June 2019

    Financial Reporting Developments - Certain investments in debt and equity securities (before the adoption of ASU 2016-01)
    Our FRD on certain investments in debt and equity securities (before the adoption of ASU 2016-01) has been updated to enhance and clarify our interpretive guidance. See Appendix E of the publication for a summary of the updates.

    20 June 2019

    Financial Reporting Developments - Credit impairment under ASC 326
    Our FRD publication on credit impairment under ASC 326 has been updated to reflect recent standard-setting activity and to clarify and enhance our interpretive guidance. Refer to Appendix E of the publication for a summary of the updates.

    20 June 2019

    Financial Reporting Developments - Share-based payment (after the adoption of ASU 2018-07, Improvements to Nonemployee Share-Based Payment Accounting)
    Our new FRD on share-based payment discusses the application of ASC 718 after an entity adopts the new nonemployee accounting guidance in ASU 2018-07. Appendix F and Appendix G provide a summary of other updates to our interpretive guidance and the reorganization of the content from our previous edition, respectively. Entities that have not adopted ASU 2018-07 should refer to our updated FRD, Share-based payment (before the adoption of ASU 2018-07, Improvements to Nonemployee Share-Based Payment Accounting).

    20 June 2019

    Financial Reporting Developments - Share-based payment (before the adoption of ASU 2018-07, Improvements to Nonemployee Share-Based Payment Accounting)
    Our FRD publication on share-based payment has been updated to provide clarifications and enhancements to our interpretive guidance. Refer to Appendix F of the publication for a summary of the updates. Entities that have adopted ASU 2018-07 should refer to our updated FRD, Share-based payment (after the adoption of ASU 2018-07, Improvements to Nonemployee Share-Based Payment Accounting).

    7 June 2019

    Financial Reporting Developments - Lease accounting - Accounting Standards Codification 840, Leases
    This publication does not address the accounting for leases under the new leases standard, which is codified in ASC 842. That new standard, which will supersede ASC 840, requires lessees to recognize assets and liabilities for most leases but recognize expenses on their income statement in a manner similar to today’s accounting.

    30 May 2019

    Financial Reporting Developments - Discontinued operations (after 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.

    30 May 2019

    Financial Reporting Developments - Discontinued operations (before the adoption of ASU 2014-08)
    We have updated our Financial Reporting Developments publication on discontinued operations for further clarification and enhancements to our interpretative guidance.

    23 May 2019

    Financial Reporting Developments - Bankruptcies, liquidations and quasi-reorganizations
    Our Financial reporting developments publication on bankruptcies, liquidations and quasi-reorganizations has been updated. See Appendix A for a summary of important changes.

    16 May 2019

    Financial Reporting Developments - Segment reporting
    Our FRD publication on segment reporting has been updated to enhance and clarify our interpretive guidance. See Appendix D of the publication for a summary of the updates.

    15 May 2019

    Financial Reporting Developments - Asset retirement obligations
    We have updated our Financial reporting developments publication on asset retirement obligations to further clarify and enhance our interpretative guidance.

    1 May 2019

    Financial Reporting Developments - Accounting changes and error corrections
    Our FRD publication on accounting changes and error corrections has been updated to further enhance and clarify our interpretive guidance.

    12 April 2019

    Financial Reporting Developments - Intangibles - Goodwill and other
    Our FRD publication on goodwill and intangible assets has been updated to enhance and clarify our interpretive guidance. See Appendix D of the publication for a summary of the updates.

    10 April 2019

    Financial Reporting Developments - Exit or disposal cost obligations
    Our FRD publication on exit or disposal cost obligations has been updated to clarify and enhance our interpretative guidance. Refer to Appendix D of the publication for a summary of the updates.

    2 April 2019

    Financial Reporting Developments - Real estate sales
    This FRD provides interpretive guidance on the accounting for real estate sales.

    7 March 2019

    Financial Reporting Developments - Credit impairment for short-term receivables under ASC 326
    Our new Financial reporting developments publication addresses how to apply the current expected credit losses model to short-term receivables and contract assets. It is intended to help companies consider the effects of adopting the new standard. The views expressed in this publication represent our perspectives considering standard-setting activities through February 2019. This publication will be updated as standard setting continues, and we develop additional insights. This publication supplements our comprehensive Financial reporting developments publication, Credit impairment under ASC 326.

    22 February 2019

    Financial Reporting Developments - Impairment or disposal of long-lived assets
    Our FRD publication on the impairment or disposal of long-lived assets has been updated to enhance and clarify our interpretative guidance. A new subsection has been added to address how entities should apply ASC 360 after they adopt the new leases standard.

    17 January 2019

    Financial Reporting Developments - Income taxes
    Our FRD publication on income taxes has been updated to address the Tax Cuts and Jobs Act and to include EY’s interpretative guidance as of November 2018. Additional accounting considerations related to the end of the measurement period provided by Securities and Exchange Commission Staff Accounting Bulletin (SAB) 118, including how to address regulations the US Treasury Department may issue after the measurement period ends on 22 December 2018, can be found in our Technical Line: A closer look at accounting for the effects of the Tax Cuts and Jobs Act, which was updated 4 October 2018.

    3 January 2019

    Financial Reporting Developments - Derivatives and hedging (before the adoption of ASU 2017-12)
    Our FRD publication on derivatives and hedging (before the adoption of ASU 2017-12) has been updated to reflect recent standard-setting activity. Refer to Appendix F of the publication for a summary of the updates.

    11 October 2018

    Financial Reporting Developments - Revenue from contracts with customers (ASC 606)
    Our FRD publication on ASC 606, Revenue from Contracts with Customers, has been updated to further clarify and enhance our interpretative guidance. Refer to Appendix A of the publication for a summary of the significant updates.

    31 May 2018

    Financial Reporting Developments - Software: Revenue recognition
    We have updated our FRD publication on software revenue recognition to clarify and enhance our interpretative guidance.

    3 May 2018

    Financial Reporting Developments - Foreign currency matters
    Our Financial reporting developments publication on foreign currency matters has been updated to clarify and enhance our interpretative guidance.

    21 March 2018

    Financial Reporting Developments - Revenue recognition: Multiple element arrangements
    We have updated our Financial reporting developments publication on multiple element arrangements. Refer to Appendix C of the publication for a summary of the updates.

    7 February 2018

    Financial Reporting Developments - Business combinations
    We have updated our FRD publication on business combinations to include interpretive guidance on how to apply the recognition and measurement principles in ASC 805 to acquired contracts with customers that are accounted for under ASC 606. Refer to Appendix H of the publication for a summary of the updates.

    25 January 2018

    Financial Reporting Developments - Accounting for certain life insurance and annuity products
    Our FRD publication, Accounting for certain life insurance and annuity products, has been updated to incorporate and supersede content from our FRD publication, Accounting and Reporting by Insurance Enterprises for Certain Nontraditional Long-Duration Contracts and for Separate Accounts. The updated FRD also includes enhanced and clarified interpretive guidance but does not address the FASB’s project on targeted improvements to the accounting for long-duration insurance contracts.

    15 September 2014

    Financial Reporting Developments - Consolidation and the Variable Interest Model: Determination of a controlling financial interest (prior to the adoption of ASU 2015-02, Amendments to the Consolidation Analysis)
    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.

    12 November 2012

    Financial Reporting Developments - Accounting for reinsurance
    This FRD can be found in our Global Accounting and Auditing Information Tool (GAAIT). GAAIT is a single, global online resource for accounting and auditing standards and EY interpretive guidance. Complete this form for an individual password into GAAIT, then choose a 30-day free trial or a 1-year subscription.

    17 May 2012

    Financial Reporting Developments - Insurance contract modifications or exchanges
    This FRD can be found in our Global Accounting and Auditing Information Tool (GAAIT). GAAIT is a single, global online resource for accounting and auditing standards and EY interpretive guidance. Complete this form for an individual password into GAAIT, then choose a 30-day free trial or a 1-year subscription.