Financial Accounting Standards Board Archives - CFO

FASB Turns Up the Heat on Goodwill Impairment Testing

FASB Turns Up the Heat on Goodwill Impairment Testing

The accounting standard setter's apparent lean toward allowing public companies to amortize goodwill ignores key analytical and economic consequences.

By David McCann | February 12, 2020

Is It Time to Reevaluate the Wisdom of Brand Writedowns?

Accounting rules for intangible assets may cloud CFOs' appreciation of the long-term damage that writing down the value of brands may cause.

By David McCann | January 8, 2020

3 Considerations for New Cloud Computing Accounting Rules

3 Considerations for New Cloud Computing Accounting Rules

In their next fiscal year companies must begin to capitalize certain costs associated with deploying cloud software.

By David McCann | December 26, 2019

Navigating Reference Rate Reform

Credit & Capital

Navigating Reference Rate Reform

With Libor’s days numbered, companies should start transitioning immediately to lessen the impact of adopting new reference rates.

By Lauren Muskett | September 12, 2019

Companies Are Moving Slowly on ASC 842

Risk & Compliance

Companies Are Moving Slowly on ASC 842

Here's a look at issues companies will face in implementing the new lease accounting standard.

By David McCann | April 10, 2019

The New Accounting for Collaborative Arrangements

Revenue Recognition

The New Accounting for Collaborative Arrangements

Here's what you need to know about FASB's new guidance on "collaborative arrangements" between entities.

By David McCann | March 19, 2019

Investors on Rev Rec Changes: Who Cares?

Risk & Compliance

Investors on Rev Rec Changes: Who Cares?

The changes to GAAP accounting for revenue recognition won't have a material effect on companies' finances, investors say.

By David McCann | December 13, 2017

FASB Leasing Tweak Offers ‘Big Relief’

Lease Accounting

FASB Leasing Tweak Offers ‘Big Relief’

Companies wouldn’t have to apply the new standard to 2017 and 2018 leasing results.

By David Katz | December 6, 2017

Sizing Up the New Hedge Accounting Rules

Corporate Finance

Sizing Up the New Hedge Accounting Rules

Companies should start preparing soon for the changes slated to take effect in late 2018.

By Chandu Chilakapati | November 10, 2017

New Hedging Rules Will Cut Reporting Costs: FASB

Risk Management

New Hedging Rules Will Cut Reporting Costs: FASB

The new accounting standards update drops a requirement that companies must measure and report “hedge ineffectiveness.”

By David Katz | August 29, 2017

New Lease Accounting Rules Pose Challenges, Study Says

Lease Accounting

New Lease Accounting Rules Pose Challenges, Study Says

The standards take effect in a mere six quarters for public companies, but many have not yet begun, or only recently began, to assess what must be done.

By William Sprouse | June 28, 2017

FASB Holds Christmas in June for Derivatives Users

Risk Management

FASB Holds Christmas in June for Derivatives Users

The Financial Accounting Standards Board’s ruling on hedge accounting has something for every company that uses derivatives, an EY executive says.

By David Katz | June 15, 2017

In Accounting Swan Song, SEC’s White Urges Convergence

Revenue Recognition

In Accounting Swan Song, SEC’s White Urges Convergence

Outgoing SEC Commissioner Mary Jo White encourages FASB and IASB to continue collaboration.

By David Katz | January 6, 2017

New Private-Company Stock-Based-Pay Rules: Analysis

Risk & Compliance

New Private-Company Stock-Based-Pay Rules: Analysis

Private firms using the current method for valuing stock-based compensation should consider using a newly allowed method instead.

By Rick Schwartz and Amy Thomas | December 30, 2016

Start Preparing Now for New Lease Accounting Rules

Start Preparing Now for New Lease Accounting Rules

They don't take effect until 2019, but few leases will be grandfathered, so there will be an immediate bottom-line impact.

By Sean Moynihan | December 29, 2016

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