Tag Archive | ASU
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 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 […]
FASB Proposes More Disclosures about Risks
As part of its ongoing financial instruments projects, the Financial Accounting Standards Board (FASB) has proposed an Accounting Standards Update (ASU) which requires additional disclosures by reporting entities regarding information about liquidity and interest rate risks arising from the entity’s use of financial instruments. The incremental disclosures affect all entities regardless of size or complexity […]
Disclosures about Offsetting Assets and Liabilities
Companies will be required to disclose additional information about financial instruments that have been, or may be, eligible for offsetting in the financial statements under guidance released by the Financial Accounting Standards Board (FASB) in Accounting Standards Update (ASU) 2011-11 Disclosures about Offsetting Assets and Liabilities. The ASU is a response to the differences in […]
