Category: Taxation

Go to Source Author: Our FRD publication on income taxes has been updated to include further clarifications and enhancements to our interpretive guidance in several areas. It also includes additional guidance related to...

Go to Source Author: The FASB proposed amendments to clarify and improve certain aspects of the new hedge accounting guidance provided by ASU 2017-12. The proposal would clarify the new guidance on an entity’s ability to (1)...

Go to Source Author: The FASB deferred certain effective dates for its new standards on credit losses, hedging and leases and all of the effective dates for its new standard on long-duration insurance contracts. The credit...

Go to Source Author: The FASB issued final guidance that requires share-based payments that are granted to a customer in a revenue arrangement and are not in exchange for a distinct good or service to be measured and classified...

Go to Source Author: Our new FRD addresses how to apply the guidance in ASC 610-20 on gains and losses from the derecognition of nonfinancial assets to sales and transfers of nonfinancial assets that are not businesses to...

Go to Source Author: As they prepare for year-end reporting, entities that adopted the new leases standard should carefully review their accounting and disclosures in areas that require significant judgment, estimates and...

Go to Source Author: The EITF reached a final consensus on clarifying the interactions between Topic 321, Topic 323, and Topic 815. The Task Force also discussed but did not reach a consensus on revenue recognition – contract...

Go to Source Author: The FASB proposed amendments to clarify and improve certain aspects of the new hedge accounting guidance provided by ASU 2017-12. The proposal would clarify the new guidance on an entity’s ability to (1)...

Go to Source Author: The FASB deferred certain effective dates for its new standards on credit losses, hedging and leases and all of the effective dates for its new standard on long-duration insurance contracts. The credit...

Go to Source Author: The FASB issued final guidance that requires share-based payments that are granted to a customer in a revenue arrangement and are not in exchange for a distinct good or service to be measured and classified...

Go to Source Author: The EITF reached a final consensus on clarifying the interactions between Topic 321, Topic 323, and Topic 815. The Task Force also discussed but did not reach a consensus on revenue recognition – contract...

Go to Source Author: Initial public offering (IPO) activity in the US during the first nine months of 2019 was strong with companies completing 126 IPOs and raising $44.2 billion. Our publication analyzes recent US IPO activity...