CFO Dive

MARCH 29, 2024

The proposed accounting standards update is one of several initiatives that have been a priority for FASB under the general theme of disaggregation.

Accounting Standards 288

Accounting Standards Accounting 288

PYMNTS

JUNE 24, 2019

Financial regulators are considering allowing smaller businesses (SMBs) more time to comply with sweeping changes in lease accounting standards, which experts have said will place a significant burden as organizations work to comply with the requirements. We’ll ask you for input on this as well.”

Accounting Standards 58

Accounting Standards Accounting Profit and Loss Compliance 58

CFO Dive

APRIL 21, 2022

accounting standards setter will likely affirm the proposed two-year extension of LIBOR-related accounting relief unless it gets new feedback during the public comment period, according to a FASB spokesperson.

Accounting 147

Accounting Accounting Standards 147

CFO News

OCTOBER 25, 2023

The Adani Group has stated that it has followed all relevant accounting standards and laws. The National Financial Reporting Authority (NFRA) has requested audit affiliates of Deloitte, EY, KPMG, Grant Thornton, and two Ahmedabad-based CA firms to provide information regarding their audit practices while auditing Adani companies.

Accounting Standards 52

Accounting Standards Auditing Accounting Financial Reporting 52

Reval

JULY 13, 2017

accounting standard that makes it easier to account for hedges is likely to encourage more corporates to hedge. The Financial Accounting Standards Board voted last month to finalize the new hedge accounting standard, and the final standard is due out in August. Treasury & Risk.

Accounting Standards 52

Accounting Standards Accounting Treasury Compliance 52

CFO Dive

OCTOBER 3, 2023

The board may remove some "non-authoritative" definitions from the codification — effectively the bible of generally accepted accounting standards.

GAAP 306

GAAP Accounting Standards Accounting 306

PYMNTS

OCTOBER 18, 2019

The Financial Accounting Standards Board (FASB), which establishes accounting standards in the U.S., is offering corporates more time to adopt some revised standards, The Wall Street Journal said on Thursday (Oct. 15, 2022 to adopt CECL. 15, 2019 deadline for large public lenders has not changed.

Accounting Standards 40

Accounting Standards Accounting Nonprofit Compliance 40

PYMNTS

OCTOBER 9, 2018

Banks and businesses alike are heading toward the 11th hour of changes in accounting standards, which will have a major impact on how companies report financial metrics and performance. Experts say the move will not go unnoticed when the accounting standards begin to take effect for public companies in 2021.

Accounting Standards 61

Accounting Standards Accounting Banking Corporate Finance 61

CFO Dive

DECEMBER 15, 2023

standard setter has issued nine new accounting standards updates so far this year, compared to six in all of 2022.

Accounting Standards 289

Accounting Standards Accounting 289

PYMNTS

SEPTEMBER 26, 2019

The Securities and Exchange Board of India will reportedly give non-bank financial companies (NBFCs) two years to adopt and implement changes to accounting standards, the Financial Express reported Wednesday (Sept. regulators have given small businesses more time than other firms to adopt the accounting standard changes.

Accounting Standards 43

Accounting Standards Accounting Economics Financial Reporting 43

PYMNTS

OCTOBER 1, 2019

have led the Financial Reporting Council (FRC) to enact more stringent accounting standards, The Guardian reported on Monday (Sept. According to reports, the FRC issued an updated going concern standard, adding “significantly stronger requirements” for U.K. More high-profile corporate collapses in the U.K.

Accounting Standards 51

Accounting Standards Accounting Auditing Communication 51

The Charity CFO

APRIL 20, 2023

How can nonprofit accounting software help your organization with efficiency? In today’s digital age, technology has revolutionized almost every aspect of business operations, including accounting and finance. For-profit companies have long used accounting software to track their financial transactions and monitor their bottom lines.

Nonprofit 98

Nonprofit Accounting Accounting Standards Budgeting 98

CFO Dive

JULY 17, 2023

The current expected credit losses accounting standard was aimed at fostering timelier reporting of deteriorated assets. It’s been controversial.

Accounting Standards 243

Accounting Standards Accounting 243

CFO Dive

JUNE 29, 2023

The FASB is poised to tweak existing accounting standards which originally sought to address calls for timelier loss reporting after the 2008 financial crisis.

Accounting Standards 244

Accounting Standards Accounting 244

CFO Dive

JANUARY 6, 2023

Fed efforts to curb inflation, an imbalance in the demand and supply of workers and clarification of accounting standards are among the CFO trends this year.

CFO 288

CFO Accounting Standards Accounting 288

Bramasol

JULY 31, 2023

This new post provides a deeper look at how the leasing of medical equipment along with other bundled services or products presents particular challenges for meshing contracts and lessor accounting with DSE management and revenue recognition. According to Allied Market Research, "The global medical equipment rental market was valued at $56.0

Accounting 77

Accounting SAP GAAP IFRS 77

CFO Dive

MARCH 15, 2023

While previous FASB efforts to update accounting standards for taxes have fizzled, Chair Richard Jones has said tweaks to the project’s scope have made it achievable.

Accounting Standards 260

Accounting Standards Accounting 260

Embark With Us

MAY 19, 2022

It wasn't so long ago when the very thought of accounting for convertible debt sent shivers down the spines of even veteran accountants. Thankfully, the FASB heard the screams and night terrors, giving the guidance a much-needed overhaul in the form of Accounting Standards Update (ASU) 2020-06.

Accounting 98

Accounting Accounting Standards 98

CFO Dive

MARCH 27, 2023

The changes to lease accounting standards (Topic 842) provide narrowly targeted relief for some companies grappling with the guidance from 2016.

Accounting Standards 259

Accounting Standards Accounting 259

CFO Dive

OCTOBER 1, 2022

exchanges comply with the country’s accounting standards. The penalty is the latest sign of regulators’ battle to ensure foreign companies on U.S.

Accounting Standards 260

Accounting Standards Accounting 260

Bramasol

JANUARY 9, 2023

Since the release of new lease accounting standards ASC 842 and IFRS 16 in 2018, companies have taken a variety of approaches to comply, but many are now aiming to optimize their lease accounting processes for efficiency and long-term manageability. Register Now!

SAP 92

SAP Accounting IFRS Reconciliations 92

CFO Leadership

OCTOBER 10, 2023

AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals. However, they still have a place in corporate finance and accounting.

Finance 95

Finance Accounting Auditing IFRS 95

CFO Dive

SEPTEMBER 20, 2023

For the first time in nearly 40 years the Financial Accounting Standards Board is working to update its guidance on software costs

Accounting Standards 173

Accounting Standards Accounting 173

CFO Dive

MAY 12, 2022

The board is getting serious about improving accounting standards for digital assets even as a crypto market slump is hammering valuations.

Prioritization 274

Prioritization Accounting Standards Valuation Accounting 274

CFO Dive

MARCH 14, 2022

Although the Financial Accounting Standards Board took no action on the matter at its early-March meeting, members signaled they’d like to stop counting a company’s customer relationships as an asset.

Accounting Standards 246

Accounting Standards Accounting 246

The Charity CFO

JANUARY 21, 2022

And the issue of restricted funds presents unique bookkeeping and accounting challenges for a nonprofit that a for-profit company doesn’t face. This accounting system is called fund accounting. This accounting system is called fund accounting. Who’s Required to Use Fund Accounting? .

Nonprofit 98

Nonprofit Accounting GAAP Accounting Principles 98

The Charity CFO

JULY 28, 2022

Updated standards on accounting for nonprofit leases ( ASC 842 ) go into effect this year for most organizations–and next year for the few remaining exceptions. If you’re not sure that your organization has adopted the new standards detailed in ASC 842, then keep reading. What is ASC 842 for nonprofit lease accounting?

Nonprofit 98

Nonprofit Accounting Accounting Standards CFO 98

VCFO

JULY 22, 2022

ASC 842 is a new accounting standard set forth by the Financial Accounting Standards Board (FASB). These impacts will include major changes to accounting practices and financial reporting, as well as increased scrutiny of contracts, service agreements, and all leases starting now and moving forward.

Accounting 77

Accounting Accounting Standards Economics Advertising 77

Beacon CFO Plus

NOVEMBER 30, 2023

How to Divide Responsibilities and Prioritize Communication The relationship between a fractional or outsourced Chief Financial Officer (CFO) and your company’s public accounting firm should be collaborative, clear, and well-defined. This ensures your company’s financial and accounting needs are met effectively.

Accounting Firms 52

Accounting Firms CFO Accounting Prioritization 52

The Charity CFO

AUGUST 15, 2023

Myths of Nonprofit Accounting and Why They Matter to Job Seekers Unfortunately, many job seekers fall victim to the stereotypes and believe the myths surrounding nonprofit accounting. In this section, we will debunk the three most common nonprofit accounting myths. Ready to dive deep into this exciting realm?

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 52

CFO Dive

MARCH 23, 2022

The 2022 reporting taxonomies include updates to accounting standards on credit losses and balance sheet offsets, among other things, the Financial Accounting Standards Board says.

Accounting Standards 130

Accounting Standards Accounting 130

Embark With Us

OCTOBER 27, 2021

If you surveyed financial leaders on what's top-of-mind these days, lease accounting would probably make the top ten. But it’s well-warranted given how much of a curveball ASC 842 has thrown at financial organizations and already bleary-eyed accountants, particularly with the adoption deadline for private companies right around the bend.

Accounting 64

Accounting Accounting Standards 64

CFO Dive

JUNE 30, 2022

accounting standard setter drew a three-fold jump in investor feedback after launching an initiative in 2020 to get more input on where it should focus its efforts.

Accounting Standards 162

Accounting Standards Accounting 162

PYMNTS

JUNE 4, 2020

The International Accounting Standards Board introduced a significant overhaul to lease accounting standards , and while the changes went into effect at the start of 2019, corporates continue to face challenges to adhere to the standards and remain compliant. In the U.S.,

Accounting 52

Accounting Accounting Standards Cash Flow Forecasting Compliance 52

CFO Dive

JULY 18, 2022

The Financial Accounting Standards Board Chair Richard Jones discussed the organization’s agenda, a possible quick fix and the accounting topic that finally trended on social media.

Accounting Standards 130

Accounting Standards Accounting 130

CFO Leadership

OCTOBER 18, 2023

AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals. However, they still have a place in corporate finance and accounting.

Finance 52

Finance Accounting Auditing IFRS 52

Spreadym

JUNE 13, 2023

The chart of accounts is a systematic listing of all the financial accounts used by an organization. It serves as a framework for organizing and classifying financial transactions, providing a standardized structure for recording and reporting financial information. This code helps identify and locate the account easily.

Accounting 52

Accounting Financial Analysis Compliance Benchmarking 52