We’ve listed the most important changes for you here. Accounting Standards Codification 280 . accounting for debt and equity financings . Featured - 3 items. Financial reporting developments Earnings per share 2 operations and the issuance of option shares would be antidilutive due to the loss, but the entity has net income as a result of an extraordinary gain, potential common shares are excluded from the diluted EPS calculation even though the effect on net income would be dilutive. The US Week in Review highlights this week’s developments and emerging issues in the financial reporting world and gives you direct access to relevant technical accounting guidance and thought leadership produced by EY. September 2016 . 29 Jul 2020 PDF. Explore our insights. To our clients and other friends . Close Start adding items to your reading lists: Sign in. ASC 250 requires retrospective application to prior periods ’ financial statements of changes in accounting principle, unless it is impracticable to determine either the period-specific effects or the cumulative effect or. The first quarter for calendar year-end companies is likely to present increased challenges in the accounting and reporting for income taxes. Revised August 2020 . Our FRD publication on statement of cash flows has been updated to enhance our interpretive guidance. Related topics Finance Are you up-to-date with current accounting and regulatory developments? We are pleased to provide you with the latest edition of our Financial reporting developments (FRD) publication on accounting for transfers and servicing of financial assets. The impact … Close Save this item to: Close This item has been saved to your reading list. What’s new from EY To the Point: FASB proposes guidance for revenue contracts acquired in a business combination. Financial reporting developments A comprehensive guide . Create your account. Financial Reporting Developments - Statement of cash flows. As always, please talk to your PwC engagement team for more information on how these apply to your specific circumstances: A. Link copied Overview. Financial reporting developments Earnings per Share. Accounting Standards Codification Topic 740 includes financial accounting and reporting guidance for See Appendix D for a summary of important changes. Implications. Applying ASC 860 in practice continues to be challenging. For companies applying or transitioning to International Financial Reporting Standards (IFRS), authoritative and timely guidance is essential as the standards continue to change. Financial reporting developments A comprehensive guide Revenue from contracts with customers (ASC 606) August 2015 . Revised November 2014. August 2017 . To our clients and other friends . Segment reporting . The quarter close - Fourth quarter 2020. To our clients and other friends . Financial reporting developments for June 2019 reporters What new pronouncements do you need to consider for your next report? Subject AccountingLink. See also EY's Financial Reporting Developments guide on Accounting for Income Taxes Sections 20.1 thru 20.4. To our clients and other friends The accounting for investments in debt and equity securities continues to be an area of focus by preparers, financial statement users, auditors an Financial reporting developments A comprehensive guide . To our clients and other friends. Please see EY AccountingLink for our most recent revenue publications. Daniel Trotman, Partner, EY London dtrotman@uk.ey.com. Transfers and servicing of financial assets . Financial reporting developments A comprehensive guide Lease accounting . Financial reporting developments Reinsurance To our clients and other friends in the insurance industry The accounting guidance for reinsurance transactions is codified in Accounting Standards Codification (ASC) 944, Financial Services — Insurance. Segment reporting continues to be an important element of financial reporting for public companies. Financial reporting developments Income taxes To our clients and other friends This guide is designed to summarize the accounting literature related to accounting for income taxes. Financial reporting developments A comprehensive guide . May 2020 . Pronouncements mandatory for the first time for June 2019 reporters (‘What do I … Financial reporting developments Revenue from contracts with customers (ASC 606) | 1 To our clients and other friends . Publications Financial Reporting Developments. We are pleased to provide you with this updated edition of our Financial Reporting Developments publication, Lease accounting. … International Financial Reporting Standards (IFRS) Seminar Please fax this form to Ahmed Viqharullah Khan at EY, Jeddah Fax: 0122218575 or email to: ahmed.viqharullahkhan@sa.ey.com Keep up to date on the most recent accounting standards and financial reporting developments. The FASB proposed amendments to ASC 805 that … Agenda Developments in financial reporting Recent considerations for financial reporting Points of interest from the 2015 financial reporting cycle Page 1. The accounting for the issuance of debt and equity instruments is among the more complex areas of US GAAP. About EY’s International Financial Reporting Standards Group A global set of accounting standards provides the global economy with one measure to assess and compare the performance of companies. Register Here In this webcast, panelists discuss new accounting standards, current financial reporting matters, and standard-setting activities. As always, EY professionals are available to answer any questions you may have. Financial reporting developments Exit or disposal cost obligations | 3 2 Scope Excerpt from Accounting Standards Codification Exit or Disposal Cost Obligations — Overall Overview and Background 420-10-05-1 The Exit or Disposal Cost Obligations Topic addresses financial accounting and reporting for costs associated with exit or disposal activities. PwC's Q4 2020 Quarterly accounting webcast. on reporting the financial effects of rate regulation What you need to know The IASB hopes to identify the information about the financial effects of rate regulation that is most relevant to users of financial statements in making investment and lending decisions and to determine how best to reflect that information in IFRS financial statements. Topics More topics. 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