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Accounting & Audit Alert December 2014


 

RubinBrown's Accounting & Auditing Alert is published monthly to inform our clients and contacts about relevant technical accounting and audit-related information.


FASB Proposes Change To Presentation Of Debt Issuance Cost


The Financial Accounting Standards Board (FASB) has issued proposed Accounting Standards Update (ASU), Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Cost. 

FASB Proposing To Simplify Fair Value Reporting For Certain Investments


The Financial Accounting Standards Board (FASB) has issued a proposed Accounting Standards Update (ASU), Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent).

FASB Issues Proposed Guidance For Employers With Defined Benefit Plans


The Financial Accounting Standards Board (FASB) recently issued a proposed Accounting Standards Update (ASU), Compensation—Retirement Benefits (Topic 715): Practical Expedient for the Measurement Date of an Employer’s Defined Benefit Obligation and Plan Assets.

FASB Issues Guidance For Hybrid Financial Instruments


The Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) 2014-16, Derivatives and Hedging (Topic 815): Determining Whether the Host Contract in a Hybrid Financial Instrument Issued in the Form of a Share Is More Akin to Debt or to Equity.

GASB Proposes Guidance For Tax Abatement Disclosures


The Governmental Accounting Standards Board (GASB) has issued an Exposure Draft which would provide new requirements related to tax abatement disclosures.

 

Readers should not act upon information presented without individual professional consultation.