Accounting Standards Updates Issued - FASB The FASB issues an Accounting Standards Update (Update or ASU) to communicate changes to the FASB Codification, including changes to non-authoritative SEC content ASUs are not authoritative standards Each ASU explains: How the FASB has changed US GAAP, including each specific amendment to the FASB Codification
Intangibles—Goodwill and Other (Topic 350) Accounting Standards Update 2014-02 Intangibles—Goodwill and Other (Topic 350) Accounting for Goodwill January 2014 CONTENTS Page Numbers Summary 1–4 Amendments to the FASB Accounting Standards Codification ® 5–18
Amendments to ASU 2014-09,Rev from Contracts w Customers-Summary - FASB In June 2014, the FASB and the IASB (collectively, the Boards) announced the formation of the joint Transition Resource Group for Revenue Recognition (TRG) The objective of the TRG is to inform the Boards about potential implementation issues that could arise when entities and organizations implement the new standard
Intangibles Goodwill and Other (Post-Issuance Summary) - FASB On May 30, 2019, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update that extends all the elements of the private company alternatives (issued in Accounting Standards Updates No 2014-02, Intangibles—Goodwill and Other (Topic 350): Accounting for Goodwill, and No 2014-18, Business Combinations (Topic 805
Business Combinations (Topic 805) Accounting Standards Update No 2014-02, Intangibles—Goodwill and Other (Topic 350): Accounting for Goodwill However, an entity that elects the accounting alternative in Update 2014-02 is not required to adopt the amendments in this Update How Do the Main Provisions Differ from Current Generally Accepted Accounting Principles (GAAP) and
Revenue Recognition - FASB ASU 2014-09 REVENUE FROM CONTRACTS WITH CUSTOMERS (TOPIC 606) Overview On May 28, 2014, the FASB completed its Revenue Recognition project by issuing Accounting Standards Update No 2014-09, Revenue from Contracts with Customers (Topic 606) The new guidance establishes the principles to report useful information to users of financial
UPDATE NO. 2014-09—REVENUE FROM CONTRACTS WITH CUSTOMERS (TOPIC 606 . . . update no 2014-09—revenue from contracts with customers (topic 606) section a—summary and amendments that create revenue from contracts with customers (topic 606) and other assets and deferred costs—contracts with customers (subtopic 340-40)