Tag: fasb

Questions are beginning to grow around “goodwill” and just lately the FASB has waded in. How much is it really worth and how do you measure it?

As US-listed companies operating in Asia turn their attention to first quarter reporting, they need to be aware of new hedge accounting standards and they don’t just apply to new hedges

Accounting regulation since the financial crisis has been geared towards forecasting outcomes, but SAB74 takes forecasting that one step further.

The FASB has released new standards for the recognition of gains and losses in non-financial assets, which will affect treasurers of US companies and their subsidiaries, but those in real estate should be extra vigilant.

The FASB removes a step from its goodwill impairment test amid concerns it makes the process too complex and expensive. Corporates with a lot of goodwill compared with fair value of reporting units could see nasty paper losses..

The new rule is expected to help US-based corporates operating in the Asia-Pacific reduce costs.

*CFETS announces list of participants allowed in interbank RMB trading *China issues rules to clean up P2P lending *MAS proposes National Payment Council *RBI announces rules on group exposure framework

The move by the US accounting standards agency follows a similar one by the International Accounting Standards Board, and poses challenges for corporates operating in the Asia-Pacific.

Indonesian accounting bodies have reaffirmed their commitment to fully converge with international reporting standards, but a lack of qualified accountants in the country could pose problems.

HKMA releases circular on cybersecurity rules; CFTC to expand hedging exemptions in limits amendment; China dumped market-based mechanism for RMB in Jan; SEBI applies KYC norms to ODI issuers; and much more…

Hong Kong cracks down on fake trade invoices from China; PBoC/CBRC release bill financing rules; US adopts measures against tax evasion; PBoC permits broader access to interbank RMB bond market; FASB issues narrow-scope improvements to new revenue standard; RBA sets up benchmark on cash rate investment; and much more…

The FASB has released draft rules on how firms report restricted cash that will require treasurers to justify their levels to investors and regulators.