Tag Archive | 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 […]
How will the Changes to the Reporting Requirements for Reclassifications from AOCI Affect You?
The FASB has amended the reporting requirements for reclassifications out of accumulated other comprehensive income. The changes are described in Accounting Standards Update 2013-02, and they take effect on a staggered basis for public and private companies. The chart below helps summarize the changes for both types of companies. Tables can be found as an […]
Is Your Company Properly Disclosing Offset Assets and Liabilities? New Requirements Take Effect in 2013
Starting with 2013 financial statements, companies need to make additional disclosures about assets and liabilities that are offset on their balance sheets. These disclosures are expected to be helpful to users of financial statements, and they will be slightly less onerous than originally expected, thanks to a clarification issued by the FASB earlier this year […]
Progress on Standard-Setting for Private Companies
The Private Company Council is making good progress on a new process designed to work collaboratively with the FASB in carving out exceptions or modifications of US generally accepted accounting principles (US GAAP) for private companies. Most notably, the Council has discussed a number of areas of accounting that may involve unnecessary costs and complexities […]
