NSAC Happenings and Latest News - Page 66

FASB Proposes Standard for Distinguishing Liabilities From Equity

Published August 20, 2019

The Financial Accounting Standards Board released a proposed accounting standards update with the goal of enhancing the guidance for financial instruments with the characteristics of liabilities and equity, including convertible instruments and derivatives.   The proposed update aims to improve the guidance for both convertible instruments and the derivatives scope exception for contracts in a company’s own equity. It ...

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FASB Proposes Changes for Financial Instruments, Equity Method Investments

Published August 20, 2019

The Financial Accounting Standards Board is aiming to clarify the interaction between two of its accounting standards: the standard on recognition and measurement of financial instruments and the standard on equity method investments.  FASB issued a proposed accounting standards update  after hearing questions from some of its stakeholders about how the two standards worked together. In 2016, FASB issued Accounting Standards ...

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5 Things You May Not Know About the Lease Standard

Published August 20, 2019

As with any accounting standard shift, the new lease standard (ASC 842) brings momentous changes to accounting processes and financial reporting. While the main differences are well-known, I’ve taken a particular interest in the smaller nuances that live within the new standard. (Yes, I’m an accounting nerd and I love learning about and discussing all things related to leases!)  In this article, I’m sharing five of those ...

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FASB to Propose Delaying Effective Dates for 4 Major Standards

Published July 19, 2019

FASB plans to propose delaying effective dates for four key standards for certain groups of financial statement preparers after a series of votes taken at a board meeting. The plan to delay effective dates for certain companies for accounting for leases, credit losses, hedging, and long-duration insurance contracts is FASB’s response to the burden placed on preparers by the board’s ambitious standard-setting activities. Coupled ...

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Microsoft Is Making Windows 10 Passwordless

Published July 19, 2019

Microsoft is planning to make Windows 10 PCs work without passwords. While the company has been working on removing passwords from Windows 10 and its Microsoft Accounts for a number of months now, the next major update to Windows 10 next year will go one step further. You’ll soon be able to enable a passwordless sign-in for Microsoft accounts on a Windows 10 device. This means PCs will use Windows Hello face authentication, fingerprints, ...

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