Financial Accounting Standard Board (FASB)
Hear the Latest on IFRS at MHM’s Free Webinar on May 16
Our Executive Education Series courses continue with an International Financial Reporting Standards (IFRS) webinar offering on May 16. Join Keith Peterka of Mayer Hoffman McCann’s IFRS Solutions Group as he discusses the current status of global standard setting as well as what’s happening in convergence between the International Accounting Standards Board (IASB) and the Financial […]
Six Things to Consider When Using Qualitative Assessments for Indefinite-Lived Intangibles
Thanks to changes introduced in FASB Accounting Standards Update No. 2012-02, your company now has more flexibility in testing for impairment of certain intangible assets. This applies to intangible assets that are not amortized because they’re determined to have indefinite useful lives — such as certain trademarks, licenses, and distribution rights. You may now use […]
FASB Seeks Comments on Disclosure Framework
The Financial Accounting Standards Board (FASB) is gearing up to take a more comprehensive look at footnotes in an effort to make them more effective. The first step is an Invitation to Comment (ITC) that could lead to a number of important outputs, including: A conceptual framework to help the Board focus on the disclosures […]
FASB Rethinks Disclosures Related to AOCI
The FASB has proposed a new approach to the reporting of items reclassified out of accumulated other comprehensive income (AOCI). Under a proposed Accounting Standards Update (ASU) issued in August 2012, companies would be required to provide enhanced disclosures, including a breakdown by component of the items reclassified out of AOCI, along with a roadmap […]
