December 1, 2012
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Article
The first item of business for the Private Company Council (PCC), which will be chaired by Billy Atkinson, will be working with FASB to continue developing a framework for making decisions about whether and when U.S. GAAP should be modified for private companies. The PCC—created by the Financial Accounting Foundation (FAF) in part to propose exceptions to GAAP for private companies—will meet for the first time Dec.
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December 1, 2012
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Article
The first item of business for the Private Company Council (PCC), which will be chaired by Billy Atkinson, will be working with FASB to continue developing a framework for making decisions about whether and when U.S. GAAP should be modified for private companies. The PCC—created by the Financial Accounting Foundation (FAF) in part to propose exceptions to GAAP for private companies—will meet for the first time Dec.
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December 1, 2012
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Article
The first item of business for the Private Company Council (PCC), which will be chaired by Billy Atkinson, will be working with FASB to continue developing a framework for making decisions about whether and when U.S. GAAP should be modified for private companies. The PCC—created by the Financial Accounting Foundation (FAF) in part to propose exceptions to GAAP for private companies—will meet for the first time Dec.
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December 1, 2012
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Article
Adjustments for the time value of money, which have generated some opposition from stakeholders, are likely to remain a part of the converged revenue recognition standard that is being jointly developed by FASB and the International Accounting Standards Board (IASB). The boards tentatively affirmed a proposal in the 2011 exposure draft regarding the time value of money, according to an update posted on FASB’s site.
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December 1, 2012
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Article
Adjustments for the time value of money, which have generated some opposition from stakeholders, are likely to remain a part of the converged revenue recognition standard that is being jointly developed by FASB and the International Accounting Standards Board (IASB). The boards tentatively affirmed a proposal in the 2011 exposure draft regarding the time value of money, according to an update posted on FASB’s site.
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December 1, 2012
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Article
Adjustments for the time value of money, which have generated some opposition from stakeholders, are likely to remain a part of the converged revenue recognition standard that is being jointly developed by FASB and the International Accounting Standards Board (IASB). The boards tentatively affirmed a proposal in the 2011 exposure draft regarding the time value of money, according to an update posted on FASB’s site.
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December 1, 2012
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BY
BJ Orzechowski, CPA/ABV, and Peter Lyster
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Article
Historically, many organizations have conducted goodwill and indefinite-lived intangible asset impairment testing by collaborating with valuation professionals and other advisers to measure fair value of their reporting units and indefinite-lived intangible assets. With recent changes to impairment testing and, specifically, the introduction of optional qualitative assessments to potentially avoid the quantitative tests, entities are seeking insights about how to navigate their way through the impairment-testing process and, where practical, reduce associated costs and complexity.
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December 1, 2012
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BY
BJ Orzechowski, CPA/ABV, and Peter Lyster
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Article
Historically, many organizations have conducted goodwill and indefinite-lived intangible asset impairment testing by collaborating with valuation professionals and other advisers to measure fair value of their reporting units and indefinite-lived intangible assets. With recent changes to impairment testing and, specifically, the introduction of optional qualitative assessments to potentially avoid the quantitative tests, entities are seeking insights about how to navigate their way through the impairment-testing process and, where practical, reduce associated costs and complexity.
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December 1, 2012
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BY
BJ Orzechowski, CPA/ABV, and Peter Lyster
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Article
Historically, many organizations have conducted goodwill and indefinite-lived intangible asset impairment testing by collaborating with valuation professionals and other advisers to measure fair value of their reporting units and indefinite-lived intangible assets. With recent changes to impairment testing and, specifically, the introduction of optional qualitative assessments to potentially avoid the quantitative tests, entities are seeking insights about how to navigate their way through the impairment-testing process and, where practical, reduce associated costs and complexity.
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November 1, 2012
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Article
The SEC approved disclosure rules designed to increase transparency around companies’ use of so-called “conflict minerals” and payments to governments for access to natural resources for extraction purposes. The rules, advocated by certain human rights groups, will implement two sections of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, P.L.
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