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Accounting & Audit Alert May 2016


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

FASB Provides Clarification Related To Call And Put Options

The FASB has issued ASU 2016-06, Derivatives and Hedging (Topic 815): Contingent Put and Call Options in Debt Instruments, which is intended to simplify the embedded derivative analysis for debt instruments containing contingent call or put options. 

FASB Simplifies Transition To Equity Method Of Accounting

The FASB has issued ASU 2016-07, Investments - Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting.

FASB Amends Principal Versus Agent Revenue Guidance

The FASB has issued ASU 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net). 

New Guidance Simplifies Employee Share-Based Payment Accounting

The FASB has issued ASU 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.

GASB Issues Guidance For Irrevocable Split-Interest Agreements

The GASB has issued Statement No. 81, Irrevocable Split-Interest Agreements.  Split-interest agreements are a specific type of giving arrangement used by donors to provide resources to two or more beneficiaries.


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