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Accounting & Auditing Alert December 2018


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


FASB Improves Consolidation Accounting

The FASB has issued ASU 2018-17, Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities.


FASB Updates List Of Permissible U.S. Benchmark Interest Rates For Hedge Accounting

The FASB has issued ASU 2018-16 (amendment to Topic 815) titled Inclusion of the Secured Overnight Financing Rate (SOFR) Overnight Index Swap (OIS) Rate as a Benchmark Interest Rate for Hedge Accounting Purposes.


FASB Issues Improvements To Accounting For Collaborative Arrangements

The FASB has issued ASU 2018-18, Collaborative Arrangements (Topic 808): Clarifying the Interaction Between Topic 808 and Topic 606. This ASU clarifies the applicability of Topic 606 to collaborative arrangements with the ultimate goal of reducing diversity in practice.


FASB Proposes Improvements To Accounting For Episodic Television Series

The FASB has issued an Exposure Draft titled, Improvements to Accounting for Costs of Films and License Agreements for Program Materials.


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