Jan. 2012 FASB Update: Financial Statement User Edition

FASB just released their FASB Update Financial Statement User Edition. It gives a nice snapshot of the various accounting standards-setting projects completed and still in progress. It's a nice 3-page summary that can be found here.

The Lease topic is still being re-debated which will affect everyone from landlords, tenants, air lines who lease planes, trucking companies who lease trucks, rental offices, malls and shopping centers, etc.

There's a revised proposal on Revenue Recognition, another topic that will affect virtually everyone except lease contracts, financial instrument contracts, and insurance companies (since they're not going to wait to recognize revenue until that natural disaster or accident occurs), is also available. This revised proposal has significant changes from the previous Exposure Draft.

To view the 90 min recorded webcast on Revenue Recognition, click here. Just register and you will get access to the recording.

 

Comments:

Post a Comment:
  • HTML Syntax: NOT allowed
About

Focusing on solutions for the Office of Finance, this blog will highlight key financial management market trends, events and other news of interest.

Search

Categories
Archives
« April 2014
SunMonTueWedThuFriSat
  
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
   
       
Today