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Accounting & Auditing Alert January 2021


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

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FASB Issues Proposal To Simplify Recognition And Measurement Of Earnings Per Share for Certain Forwards and Options

The FASB has issued an Exposure Draft for public comment that is intended to clarify and reduce diversity in practice in the accounting for modifications and exchanges of freestanding, equity-classified forward and option contracts that remain equity classified after the modification or exchange. 


GASB Proposes New Implementation Guidance To Assist Stakeholders With Application Of Its Pronouncements

The GASB has issued an Exposure Draft entitled GASB Implementation Guidance Update – 2021. The GASB periodically issues implementation guidance to assist practitioners in implementing GASB Statements and to answer frequently asked questions.


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