Significant Changes Coming to U.S. GAAP
Article:
FASB and the IASB continue to work to improve accounting and financial reporting across the globe. The "Big 3" accounting topics, Revenue Recognition, Leases and Financial Instruments, continue to receive the most attention. The most up-to-date information is available here.
Published on October 31, 2012
AICPA Comments on IFRS Taxonomy
Comment Letter:
In its comment letter, the AICPA recommended that expanded elements for commonly reported concepts and standard definitions be added to the IFRS Taxonomy in order for it to better meet the needs of filers and consumers of XBRL tagged data, not only under the SEC rules but around the world
Published on March 21, 2011
FASB-IASB Exposure Drafts on Leases - Questions and Answers
FAQ:
The AICPA has answered many frequently asked questions with regard to the FASB/IASB Exposure Draft, Leases.
Published on July 19, 2011
The FASB and IASB Proposed Revenue Recognition Standard Frequently Asked Questions
FAQ:
Questions and answers developed by the American Institute of CPAs on the FASB/IASB proposed Revenue Recognition Standard.
Published on July 15, 2011
Shaping the Future - Panelist Biographies
Article:
Review the biographies of our panelists for the joint discussion Shaping the Future: Lessons from Accounting Standards Leaders.
Published on April 20, 2012
Revenue Recognition
Article:
The FASB/IASB joint project on Revenue Recognition is expected to create a single standard for revenue recognition that would converge U.S. GAAP and IFRS and apply to all industries and transactions. The standard is expected to eliminate the transaction- and industry-specific revenue recognition guidance under U.S. GAAP and ultimately lead
Published on April 18, 2013
Financial Instruments
Article:
All the up-to-date information on the FASB Financial Instrument Accounting Project can be found here.
Published on April 26, 2013
Debt
Article:
One of the more common peer review matters related to accounting is debt disclosures. For example, some companies fail to disclose 5 years of debt maturities as required by FASB Accounting Standards Codification (ASC) 470-10-50. FASB ASC 470-10
Published on July 28, 2011
FAQ Private Company Financial Reporting
FAQ:
Get your questions answered about private company financial reporting. This comprehensive FAQ gives you all the information you need to know.
Published on July 26, 2011
Fair Value Measurement
Article:
One of the more common peer review matters related to accounting is fair value measurements and related financial statement disclosures. Since the issuance of FAS No. 157 (as codified in FASB Accounting Standards Codificiation [ASC] 820), there
Published on July 28, 2011
Risks and Uncertainties
Article:
One of the more common peer review matters related to accounting is disclosures of risks and uncertainties. For example, some companies fail to properly disclose the use of estimates. FASB Accounting Standards Codification (ASC) 275-10-50 require
Published on July 28, 2011
Income Taxes
Article:
One of the more common peer review matters related to accounting is accounting for income taxes under FASB Accounting Standards Codification (ASC) 740-10-50. Since the issuance of FIN 48, Accounting for Uncertainty in Income Taxes (as codified
Published on July 28, 2011
SEC Rules for Reporting Financial Statements in XBRL Format
Article:
Summary of SEC Rule related to Interactive Data (XBRL)
Published on February 05, 2013
XBRL
Article:
Complete overview of XBRL, including its background, how XBRL works, potential benefits and uses, summary of SEC Rules for Interactive Data. There are also links to XBRL related webcasts, articles, cpe products, Q&As and comment letters.
Published on January 29, 2013
Statement of Cash Flows
Article:
One of the more common peer review matters related to accounting is the statement of cash flows. For example, some companies fail to properly identify certain cash flow items as operating, investing, or financing activities. FASB Accounting Standa
Published on July 22, 2011