FASB Proposes Improvements To Clarify Guidance For Identifying the Acquirer In A Business Combinatio

The FASB has issued an Exposure Draft that is intended to improve comparability between identifying the acquirer in transactions that includes a variable interest entity (VIE) and those not involving VIEs by amending the guidance under ASC 805, Business Combinations.

GASB Issues Guidance On Disclosure Of Certain Capital Assets

The GASB has issued GASB Statement No. 104, Disclosure of Certain Capital Assets. Statement No. 104 requires certain types of capital assets to be separately disclosed in a government’s capital asset footnote disclosures.

FASB Issues Guidance On The Disaggregation Of Income Statement Expenses For Public Business Entities

The FASB has issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures that is intended to enhance the transparency and decision usefulness of an entity’s expense disclosures.

FASB Issues Proposal To Improve Hedge Accounting

The FASB has issued an Exposure Draft for public comment that is intended to better align the standards with ASU 2017-12, Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities as well as address concerns resulting from the implementation of other guidance related to reference rate reform.

FASB Proposes Improvements To Share-Based Consideration Payable To A Customer

The FASB has issued an Exposure Draft for public comment that is intended to reduce diversity in practice related to share-based consideration payable to a customer in conjunction with selling goods or services.

FASB Issues New And Final Chapter Of Its Conceptual Framework: Measurement

The FASB has issued a sixth chapter of its Concepts Statement No. 8, Conceptual Framework for Financial Reporting, entitled “Measurement.”

FASB Issues Guidance on Accounting for Profits Interests

The FASB has issued ASU 2024-01, Compensation - Stock Compensation - Scope Application of Profits Interest and Similar Awards that is intended to reduce diversity in practice and provide more consistent information to users of financial statements.

FASB Issues Accounting Standards Update To Remove References To Concepts Statements

The FASB has issued ASU 2024-02, Codification Improvements-Amendments to Remove References to the Concepts Statements.

FASB Proposes Update To Enhance Guidance On Convertible Debt Settlements

The FASB has published an Exposure Draft related to Debt—Debt with Conversion and Other Options (Subtopic 470-20) - Induced Conversions of Convertible Debt Instruments.

FASB Seeks Input On Proposed New Chapter Of Its Conceptual Framework: Measurement

The FASB has issued an Exposure Draft for the sixth chapter of its Concepts Statement No. 8, Conceptual Framework for Financial Reporting, entitled “Measurement.”

GASB Issues Guidance Requiring Governments To Disclose Certain Risks

The GASB has issued Statement No. 102, Certain Risk Disclosures to provide some additional guidance related to disclosure of risks. The GASB noted that essential information about some risks is not being regularly disclosed due to the disclosures not being explicitly required.

FASB Issues New Segment Reporting Guidance

The FASB has issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.

FASB Issues Guidance To Improve Accounting And Disclosure For Digital Assets

The FASB has issued ASU 2023-08, Intangibles – Goodwill and Other – Crypto Assets. ASU 2023-08 is intended to provide users with more decision-useful information in the accounting for crypto assets.

FASB Issues Guidance On Income Tax Disclosures

The FASB has issued ASU 2023-09, Income Taxes – Improvements to Income Tax Disclosures that is intended to enhance the transparency and decision usefulness of income tax disclosures.

GASB Proposes Guidance On Disclosure And Classification Of Certain Assets

FASB Issues Guidance To Improve Accounting For Joint Ventures

FASB Issues New Chapter Of Its Conceptual Framework Regarding Recognition And Derecognition

GASB Publishes Implementation Guide 2023-1

FASB Issues New Chapter Of Its Conceptual Framework: The Reporting Entity

FASB Issues Proposal To Clarify Accounting Guidance Related To Profits Interest Awards