Presentations (6)
BUILDING A BETTER GAAP 2014 Annual Report 2014 ANNUAL REPORT BUILDING A BETTER GAAP THE BLUEPRINT Building a Better GAAP: The Blueprint 1 A Note from the FAF 2 A Note from the FASB 2 A Note from the GASB 3 The Financial Accounting Foundation (FAF) and its standard-setting Boards— FAF Highlights 4 the Financial Accounting Standards Board (FASB) and the...
November 23, 2015 In Focus Proposed Accounting Standards Update Business Combinations (Topic 805): Clarifying the Definition of a Business On November 23, 2015, the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) intended to clarify the definition of a business, with the objective of adding guidance that would assist reporting organizations with...
May 21, 2015 Understanding Costs and Benefits ASU: Financial Services—Insurance (Topic 944) Summary This document summarizes how the Financial Accounting Standards Board (FASB) assessed the expected costs and benefits of its new Accounting Standards Update (ASU) No. 2015-09, Financial Services—Insurance (Topic 944): Disclosures about ShortDuration Contracts. The document also...
November 12, 2015 In Focus Proposed Accounting Standards Update Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance Why Is FASB Proposing a New Standard on Government Assistance? Currently, GAAP lacks explicit guidance for financial reporting of government assistance received by businesses. Examples of government assistance include grants, low...
December 23, 2014 In Focus Accounting Standards Update for Private Companies Accounting for Identifiable Intangible Assets in a Business Combination Background On December 23, 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-18, Business Combinations (Topic 805): Accounting for Identifiable Intangible Assets in a Business Combination, which is...
