Category: Financial Reporting

Recent International Accounting Developments - Fourth Quarter 2016
Recent International Accounting Developments – Fourth Quarter 2016

This article summarizes recent international accounting updates from the International Accounting Standards Board (IASB) that…

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FASB Clarifies Consolidation Guidance for Not-for-Profit Entities
FASB Clarifies Consolidation Guidance for Nonprofit Entities

The FASB recently issued ASU 2017-02[1] to clarify when a not-for-profit entity (NFP) that is…

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FASB Clarifies the Definition of a Business
FASB Clarifies the Definition of a Business

The FASB recently issued ASU 2017-01 to clarify the definition of a business, which is…

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FASB Issues Technical Corrections and Improvements to New Revenue Standard
FASB Issues Technical Corrections and Improvements to New Revenue Standard

The FASB recently issued ASU 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from…

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SEC Issues No-Action Letter for Broker-Dealers Under New Lease Accounting Standards
SEC Issues No-Action Letter for Broker-Dealers Under New Lease Accounting Standards

In November, the SEC’s Division of Trading and Markets issued a no-action letter providing relief…

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