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Accounting & Audit Alert July 2015


 

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


FASB Amends Codification To Reflect SAB 115


The Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) 2015-08, Business Combinations (Topic 805): Pushdown Accounting-Amendments to SEC Paragraphs Pursuant to Staff Accounting Bulletin No. 115

FASB Issues Disclosure Guidance For Insurance Companies That Issue Short-Duration Contracts


The Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) 2015-09, Financial Services - Insurance (Topic 944): Disclosures about Short-Duration Contracts.

FASB Proposes Change For Adjustments Made To Provisional Amounts Recognized In A Business Combination


The Financial Accounting Standards Board (FASB) has issued for public comment an Exposure Draft titled, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments

FASB Proposes Simplification For Equity Method Of Accounting


The Financial Accounting Standards Board (FASB) has issued an Exposure Draft, Investments - Equity Method and Joint Ventures (Topic 323): Simplifying the Equity Method of Accounting.

FASB Issues Exposure Draft Related To Accounting For Employee Share-Based Payments


The Financial Accounting Standards Board (FASB) has issued an Exposure Draft, Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.

GASB Issues Statements On Other Postemployment Benefits


The Governmental Accounting Standards Board (GASB) has issued three statements regarding accounting and financial reporting for postemployment benefits.

 

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