CFO Dive

MARCH 21, 2024

It's been decades since the Financial Accounting Standards Board has made any major changes to GAAP accounting rules for software.

Accounting 310

Accounting GAAP Accounting Standards 310

Reval

JULY 13, 2017

accounting standard that makes it easier to account for hedges is likely to encourage more corporates to hedge. The Financial Accounting Standards Board voted last month to finalize the new hedge accounting standard, and the final standard is due out in August. Treasury & Risk.

Accounting Standards 52

Accounting Standards Accounting Treasury Compliance 52

PYMNTS

OCTOBER 18, 2019

The Financial Accounting Standards Board (FASB), which establishes accounting standards in the U.S., is offering corporates more time to adopt some revised standards, The Wall Street Journal said on Thursday (Oct. 15, 2022 to adopt CECL. 15, 2019 deadline for large public lenders has not changed.

Accounting Standards 40

Accounting Standards Accounting Nonprofit Compliance 40

CFO Dive

MARCH 29, 2024

The proposed accounting standards update is one of several initiatives that have been a priority for FASB under the general theme of disaggregation.

Accounting Standards 282

Accounting Standards Accounting 282

PYMNTS

OCTOBER 9, 2018

Banks and businesses alike are heading toward the 11th hour of changes in accounting standards, which will have a major impact on how companies report financial metrics and performance. Experts say the move will not go unnoticed when the accounting standards begin to take effect for public companies in 2021.

Accounting Standards 61

Accounting Standards Accounting Banking Corporate Finance 61

CFO Dive

OCTOBER 3, 2023

The board may remove some "non-authoritative" definitions from the codification — effectively the bible of generally accepted accounting standards.

GAAP 300

GAAP Accounting Standards Accounting 300

PYMNTS

SEPTEMBER 26, 2019

The Securities and Exchange Board of India will reportedly give non-bank financial companies (NBFCs) two years to adopt and implement changes to accounting standards, the Financial Express reported Wednesday (Sept. regulators have given small businesses more time than other firms to adopt the accounting standard changes.

Accounting Standards 43

Accounting Standards Accounting Economics Financial Reporting 43

CFO News

OCTOBER 25, 2023

The Adani Group has stated that it has followed all relevant accounting standards and laws. The National Financial Reporting Authority (NFRA) has requested audit affiliates of Deloitte, EY, KPMG, Grant Thornton, and two Ahmedabad-based CA firms to provide information regarding their audit practices while auditing Adani companies.

Accounting Standards 52

Accounting Standards Auditing Accounting Financial Reporting 52

CFO News

JULY 1, 2024

Government and ICAI collaborate to boost global accounting firm presence. Efforts include setting standards for insurance sector and LLPs, and reducing the time for voluntary company closure. ICAI President plans for CA firm aggregation in the near future.

Accounting Standards 40

Accounting Standards Accounting Accounting Firms Planning 40

CFO Dive

DECEMBER 15, 2023

standard setter has issued nine new accounting standards updates so far this year, compared to six in all of 2022.

Accounting Standards 283

Accounting Standards Accounting 283

CFO Dive

JANUARY 19, 2023

The project to improve software accounting standards is a long time coming. At least one element of the current standards has remained largely unchanged since 1985.

Accounting 273

Accounting Accounting Standards 273

CFO Dive

JANUARY 6, 2023

Fed efforts to curb inflation, an imbalance in the demand and supply of workers and clarification of accounting standards are among the CFO trends this year.

CFO 282

CFO Accounting Standards Accounting 282

CFO Dive

JULY 17, 2023

The current expected credit losses accounting standard was aimed at fostering timelier reporting of deteriorated assets. It’s been controversial.

Accounting Standards 243

Accounting Standards Accounting 243

CFO Dive

APRIL 5, 2023

accounting standard setter is revisiting accounting for software costs. The new project marks the first time in decades that the U.S.

Accounting 269

Accounting Accounting Standards 269

CFO Dive

JUNE 29, 2023

The FASB is poised to tweak existing accounting standards which originally sought to address calls for timelier loss reporting after the 2008 financial crisis.

Accounting Standards 240

Accounting Standards Accounting 240

CFO Dive

MARCH 15, 2023

While previous FASB efforts to update accounting standards for taxes have fizzled, Chair Richard Jones has said tweaks to the project’s scope have made it achievable.

Accounting Standards 256

Accounting Standards Accounting 256

CFO Dive

JUNE 16, 2022

accounting standard-setter shelved a proposal recasting how companies account for an estimated $3.6 trillion in goodwill on their balance sheets.

Accounting 308

Accounting Accounting Standards 308

CFO Dive

MARCH 27, 2023

The changes to lease accounting standards (Topic 842) provide narrowly targeted relief for some companies grappling with the guidance from 2016.

Accounting Standards 255

Accounting Standards Accounting 255

CFO Dive

OCTOBER 1, 2022

exchanges comply with the country’s accounting standards. The penalty is the latest sign of regulators’ battle to ensure foreign companies on U.S.

Accounting Standards 256

Accounting Standards Accounting 256

CFO Dive

MAY 12, 2022

The board is getting serious about improving accounting standards for digital assets even as a crypto market slump is hammering valuations.

Prioritization 269

Prioritization Accounting Standards Valuation Accounting 269

CFO Dive

MARCH 14, 2022

Although the Financial Accounting Standards Board took no action on the matter at its early-March meeting, members signaled they’d like to stop counting a company’s customer relationships as an asset.

Accounting Standards 246

Accounting Standards Accounting 246

CFO Dive

SEPTEMBER 20, 2023

For the first time in nearly 40 years the Financial Accounting Standards Board is working to update its guidance on software costs

Accounting Standards 167

Accounting Standards Accounting 167

CFO Dive

MARCH 23, 2022

The 2022 reporting taxonomies include updates to accounting standards on credit losses and balance sheet offsets, among other things, the Financial Accounting Standards Board says.

Accounting Standards 130

Accounting Standards Accounting 130

CFO Dive

JUNE 30, 2022

accounting standard setter drew a three-fold jump in investor feedback after launching an initiative in 2020 to get more input on where it should focus its efforts.

Accounting Standards 157

Accounting Standards Accounting 157

CFO Dive

APRIL 21, 2022

accounting standards setter will likely affirm the proposed two-year extension of LIBOR-related accounting relief unless it gets new feedback during the public comment period, according to a FASB spokesperson.

Accounting 144

Accounting Accounting Standards 144

CFO Dive

JULY 18, 2022

The Financial Accounting Standards Board Chair Richard Jones discussed the organization’s agenda, a possible quick fix and the accounting topic that finally trended on social media.

Accounting Standards 130

Accounting Standards Accounting 130

CFO News

NOVEMBER 12, 2024

The Indian government is considering implementing new accounting standards for large limited liability partnerships (LLPs) to enhance transparency and accountability. These standards, aligned with those for companies, aim to improve financial disclosures and attract more investors to LLPs.

Accounting 40

Accounting Accounting Standards Planning 40

CFO News

NOVEMBER 11, 2024

The Indian government is considering implementing new accounting standards for large limited liability partnerships (LLPs) to enhance transparency and accountability. These standards, aligned with those for companies, aim to improve financial disclosures and attract more investors to LLPs.

Accounting 40

Accounting Accounting Standards Planning 40

Bramasol

MAY 13, 2024

Research and Thought Leadership : The AICPA conducts research and publishes reports on emerging trends, best practices, and thought leadership topics relevant to the accounting profession. Why Should You Care?

Auditing 86

Auditing Compliance SAP Accounting Standards 86

CFO Dive

FEBRUARY 3, 2022

The Financial Accounting Standards Board also wants lenders to report on current-year gross write-offs by year of origination.

Accounting Standards 130

Accounting Standards Accounting 130

CFO News

AUGUST 10, 2023

ECL Guidelines: The ECL framework is envisaged under the new Indian accounting standards or Ind-As, which are expected to be adopted by banks in the next two years.

Accounting Standards 98

Accounting Standards Accounting Banking 98

CFO Talks

SEPTEMBER 30, 2024

This is not just an accounting issue; it’s a symptom of a broader problem that threatens our ability to compete in the global economy. At the heart of this issue is IAS 38 , the international accounting standard for intangible assets, which may be doing more harm than good for South Africa’s economic ambitions.

Accounting Standards 98

Accounting Standards Economics IFRS Auditing 98

PYMNTS

MARCH 30, 2020

1 accounting standard known as “current expected credit loss” (CECL) in an effort to bolster loans in the wake of the coronavirus, the Wall Street Journal reported on Friday (March 27). Bank regulators have rolled back the Jan. National bank regulators — The Federal Reserve, Federal Deposit Insurance Corp.

Accounting Standards 66

Accounting Standards Banking Credit Risk Compliance 66

Embark With Us

MAY 19, 2022

It wasn't so long ago when the very thought of accounting for convertible debt sent shivers down the spines of even veteran accountants. Thankfully, the FASB heard the screams and night terrors, giving the guidance a much-needed overhaul in the form of Accounting Standards Update (ASU) 2020-06.

Accounting 98

Accounting Accounting Standards 98

CFO News

JANUARY 17, 2024

The National Financial Reporting Authority (NFRA) is planning to directly engage audit committees of large listed companies to sensitise them about accounting standards and their role, a first-of-its kind regulatory outreach to curb corporate frauds, people aware of the watchdog's thinking told ET.

Auditing 52

Auditing Planning Accounting Standards Financial Reporting 52

Bramasol

JANUARY 27, 2023

In 2018, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) announced the release of new accounting standards, ASC 842 and IFRS 16, that redefined how organizations must account for leases.

Compliance 81

Compliance IFRS SAP Accounting Standards 81

CFO News

MAY 31, 2024

Pandey's remarks come as the NFRA plans to engage with large listed companies to promote accounting standards and curb corporate frauds. He highlighted the need for meaningful communication between audit committees and auditors, stating that it should not be a mere formality.

Auditing 45

Auditing Accounting Standards Communication Finance 45