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Financial Reporting Network

Latest News & Insights

  • FASB Meeting – June 8, 2016
    Financial Reporting Network Jun 13, 2016 3:46 PM • Accounting & Financial Reporting
    FASB Meeting – June 8, 2016
  • Proposed Regulations Would Change Tax Treatment of Intercompany Debt
    Financial Reporting Network Jun 13, 2016 3:40 PM • Accounting & Financial Reporting
    On April 4, the U.S. Treasury Department and IRS issued proposed regulations under IRS Code section 385.
  • AICPA Updates Technical Questions and Answers
    Financial Reporting Network Jun 13, 2016 3:36 PM • Accounting & Financial Reporting
    The AICPA recently updated certain sections of its Technical Questions and Answers.
  • FASB Proposes to Clarify Scope of Derecognition of Nonfinancial Assets
    Financial Reporting Network Jun 7, 2016 3:37 PM • Accounting & Financial Reporting
    This edition of Defining Issues reports that a FASB proposal would clarify the scope of its guidance about derecognizing nonfinancial assets.
  • SEC Reporting Matters Discussed at March 2016 Center for Audit Quality SEC Regulations Committee Meeting
    Financial Reporting Network Jun 6, 2016 1:20 PM • Accounting & Financial Reporting
    The Center for Audit Quality (CAQ) SEC Regulations Committee recently released the highlights of its March 21, 2016 meeting.
  • FASB Meeting – June 1, 2016
    Financial Reporting Network Jun 6, 2016 1:17 PM • Accounting & Financial Reporting
    The FASB met on June 1.
  • FASB Issues One Final UGT Implementation Guide and One Proposed UGT Style Guide
    Financial Reporting Network Jun 6, 2016 1:14 PM • Accounting & Financial Reporting
    The FASB recently issued a U.S. GAAP Financial Reporting Taxonomy (UGT, also known as XBRL) Implementation Guide.
  • SEC Rules Allow Form 10-K Summary with Cross-References
    Financial Reporting Network Jun 6, 2016 1:12 PM • Accounting & Financial Reporting
    As required by the Fixing America’s Surface Transportation (FAST) Act, the SEC recently adopted interim final rules.
  • IFRS Newsletter: Insurance
    Financial Reporting Network May 27, 2016 2:43 PM • Accounting & Financial Reporting
    The May 2016, Issue 54 of KPMG ISG’s IFRS Newsletter: Insurance highlights the May IASB meeting
  • IFRS Newsletter: Financial Instruments
    Financial Reporting Network May 27, 2016 1:58 PM • Accounting & Financial Reporting
    The May 2016, Issue 30 of KPMG ISG’s IFRS Newsletter: Financial Instruments summarizes the May IASB meeting
  • Accounting for Certain Creditor Protective Clauses in Debt Arrangements under IFRS and U.S. GAAP
    Financial Reporting Network May 23, 2016 3:37 PM • Accounting & Financial Reporting
    Debt arrangements often contain provisions that protect a creditor by allowing it to accelerate the repayment of funds when certain conditions occur.
  • SEC and Other Agencies Re-Propose Rule about Incentive-Based Compensation Plans
    Financial Reporting Network May 23, 2016 2:03 PM • Accounting & Financial Reporting
    The SEC and five other agencies jointly proposed an updated rule, Incentive-Based Compensation Arrangements.
  • SEC Staff Releases Crowdfunding Guidance
    Financial Reporting Network May 23, 2016 1:58 PM • Accounting & Financial Reporting
    The SEC staff recently released guidance related to the SEC’s crowdfunding rules.
  • SEC Staff Warns about Non-GAAP Financial Measures
    Financial Reporting Network May 23, 2016 12:24 PM • Accounting & Financial Reporting
    This edition of Defining Issues reports that the SEC staff recently updated its guidance about how companies are allowed to use non-GAAP financial measures.
  • FASB Proposal Would Clarify Scope and Application of Revenue Topic
    Financial Reporting Network May 18, 2016 5:21 PM • Accounting & Financial Reporting
    This edition of Defining Issues reports that the FASB proposed technical corrections and improvements to its revenue topic.