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Tag: FASB

Boxes in various sizes for supply chain financing.

FASB Endorses New Disclosures for Supply-Chain Financing

Boxes in various sizes for supply chain financing.

Since the onset of the COVID-19 pandemic in 2020, companies and their vendors have needed creative solutions to keep supply chains moving. One solution that has become increasingly popular involves third-party financing for companies’ purch...

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Eco-friendly lounge set with carbon offsets

FASB Begins Process of Setting Accounting Standards for Environmental Reporting

Eco-friendly lounge set with carbon offsets

Summer is the season for projects. As day-to-day life slows down for a few months, the most industrious among us often use the break to knock out nagging tasks that have been sitting on to-do lists. DIYers – those fanatics who spend their d...

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Goodwill Impairment Problems Haven’t Gone Away

Goodwill Impairment Problems Haven’t Gone Away

Goodwill Impairment Problems Haven’t Gone Away

Remember the hubbub over goodwill impairment? Back before the coronavirus knocked the world off its axis, it was kind of a big deal. In fact, in early 2020, regulators were looking at redefining the concept of goodwill (which refers to the...

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Leased office space with retail options

SEC Exercises Patience in Enforcing New Lease Accounting Standard

Leased office space with retail options

Parents have an instinctive sense of which household rules to enforce ruthlessly (“don’t lie” comes to mind), and which to be more lenient with (curfews, maybe). As it turns out, the same can be said of the Securities and Exchange Commissio...

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Ocean Lighthouse Wide Shot with Cloudy Background

The State of COVID-19 Disclosure, Part II: Going Concern

Ocean Lighthouse Wide Shot with Cloudy Background

Two weeks ago, the SEC urged public companies to speak frankly to investors about how the pandemic is impacting their financial health. The SEC even included a helpful guide, listing topics that issuers’ disclosures should cover. Those topi...

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