Easier Rules for Debt Equity Classification

Thoughtware Alert Published: Aug 27, 2020

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Changing Piling Up

Determining the proper classification can be complicated for financial instruments that have characteristics of both debt and equity. FASB recently finalized targeted changes to the guidance on convertible instruments and the derivative scope exception for contracts in an entity’s own equity. This article provides details on new disclosures.

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Nov 23, 2021

New Disclosures Required for Government Assistance

FASB has issued ASU 2021-10 to address a lack of specific guidance on recognizing, measuring, and disclosing government assistance.

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Nov 17, 2021

New Lease Discount Rate Relief for NFPs & Private Companies

FASB has issued a new ASU that provides relief for certain entities in determining the discount rate to use under the new lease guidance in…

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Nov 10, 2021

New Business Combination Guidance for Contract Assets & Liabilities

A new accounting standards update addresses how to determine whether a contract liability is recognized by the acquirer in a business…

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Nov 01, 2021

New Private Company Relief for Share-Based Payments

A new ASU creates a practical expedient for private companies calculating the fair value of the equity shares underlying a share-option…

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Oct 21, 2021

New Disclosures on Proxy Voting Proposed

The SEC has proposed amendments to Form N-PX to enhance the information reported about proxy votes.

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Oct 20, 2021

Regulation of Cryptocurrency on the Horizon?

This article provides details on accounting guidance and SEC and Federal Reserve activity in response to a surge in crypto investments.

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