Category: Taxation

Go to Source Author: Our newsletter summarizes SEC developments in the last quarter, including certain items we have not previously reported in Week in Review. Highlights include a discussion of a rule proposal that would...

Go to Source Author: Our September 2019 edition of Quarterly Tax Developments is designed to help you identify changes in tax law and other events when they occur so the accounting can be reflected in the appropriate period....

Go to Source Author: In our comment letter, we recommend that the FASB adopt an accounting model that would require goodwill amortization over a default period and only require goodwill impairment testing at the operating...

Go to Source Author: Our newsletter summarizes SEC developments in the last quarter, including certain items we have not previously reported in Week in Review. Highlights include a discussion of a rule proposal that would...

Go to Source Author: The new definition of a business in ASC 805 will likely result in additional transactions being accounted for as asset acquisitions rather than business combinations. Our Technical Line, which notes that ASC...

Go to Source Author: Our September 2019 edition of Quarterly Tax Developments is designed to help you identify changes in tax law and other events when they occur so the accounting can be reflected in the appropriate period....

Go to Source Author: The new definition of a business in ASC 805 will likely result in additional transactions being accounted for as asset acquisitions rather than business combinations. Our Technical Line, which notes that ASC...

Go to Source Author: The FASB revised its proposal that would simplify today’s guidance on whether debt should be classified as current or noncurrent on a classified balance sheet. The proposal would replace the existing,...

Go to Source Author: Our Technical Line highlights key implications of the new revenue standard for life sciences entities. This publication has been updated to address issues related to how termination clauses affect contract...

Go to Source Author: The FASB proposed providing temporary optional expedients and exceptions to the guidance in US GAAP on contract modifications and hedge accounting in light of the expected market transition from LIBOR and...

Go to Source Author: Our 2019 SEC Comments and Trends – An analysis of current reporting issues, discusses the SEC staff’s focus areas in detail and summarizes best practices that may help companies respond to SEC staff comment...

Go to Source Author: In our comment letter, we support the FASB’s proposal to defer certain effective dates for the new standards on credit losses, hedging and leases. We also support the FASB’s proposal to extend the effective...