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Accounting & Audit Alert November 2015


 

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


FASB Simplifies Accounting For Business Combinations


The FASB has issued ASU 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments.

FASB Proposes Changes Related To Adoption Of Private Company Accounting Alternatives


The FASB has issued an Exposure Draft which proposes changing the effective date and transition guidance related to ASU 2014-02, Intangibles-Goodwill and Other (Topic 350); ASU 2014-03, Derivatives and Hedging (Topic 815); ASU 2014-07, Consolidation (Topic 810): Applying Variable Interest Entities Guidance to Common Control Leasing Arrangements; or ASU 2014-18, Business Combinations (Topic 805): Accounting for Identifiable Assets in a Business Combination. 

FASB Issues Exposure Draft On Materiality


The FASB has issued an Exposure Draft titled, Notes to Financial Statements (Topic 235), Assessing Whether Disclosures Are Material, which is a part of its disclosure framework project. 

FASB Proposes Improvements Related To New Revenue Recognition Guidance


The FASB has issued an Exposure Draft intended to improve the guidance on collectibility, noncash consideration, and completed contracts at transition in the new revenue recognition standard.

 

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