GLS Blog: Q3 2021 In Review
This week’s GLS blog addresses the final standards that were issued by the AICPA, FASB and GASB in the third...
GLS Blog: FASB Proposal: Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions
FASB has issued a proposed ASU addressing the accounting for investments in equity securities measured at fair value that are...
GLS Blog: TQA for New COVID19 Funds
The AICPA has issued a TQA addressing questions about how for profit and nonprofit entities account for the new restaurant...
GLS Blog: FASB’s Agenda Consultation
Have you ever wanted to influence the topics that FASB covers in its standard setting? Well, now here’s your chance....
GLS Blog: FASB ED: Discount Rate for Nonpublic Lessees
FASB has issued an exposure draft regarding the use of the discount rate alternative offered to nonpublic entities. After receiving...
GLS Blog: Goodwill Impairment Proposal
Goodwill Impairment Proposal FASB has issued a proposal to adjust the timing for when private entities and nonprofits would be...
FASB Releases 2020 GAAP, SEC, XBRL Taxonomies
The Financial Accounting Foundation announced the availability of the 2020 GAAP Financial Reporting Taxonomy, the 2020 SEC Reporting Taxonomy, and...
FASB Affirms Deferral of Long-Duration Standard
The FASB reaffirmed its decision to defer the effective date of the long-duration contracts standard by one year for larger...
It’s Crunch Time for Private Companies on Revenue Recognition
By Ken Tysiac It’s understandable that FASB’s new revenue recognition standard might not be top-of-mind for private company finance personnel...
ASU 2015-08: Eliminating Superseded SEC Guidance on Pushdown Accounting
By: Ken Brackney, Ph.D. The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2015-08, Pushdown Accounting: Amendments to...
