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Welcome to the Deloitte Accounting Research Tool

The Deloitte Accounting Research Tool (DART) is a comprehensive web-based library of accounting and financial disclosure literature.
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April 9, 2021
FASB Tentative Board Decisions — April 7, 2021
Tentative Board Decisions Tentative Board decisions are provided for those interested in following the deliberations. All of the reported decisions are tentative and may be changed at future Board meetings. Wednesday, April 7, 2021 FASB Board Meeting Identifiable intangible assets and subsequent accounting for goodwill. The Board discussed the research and analysis on (1) subsuming certain identif...
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April 9, 2021
FASB Discusses Project on Intangible Assets and Goodwill
At its April 7, 2021, meeting, the FASB discussed its project on identifiable intangible assets and subsequent accounting for goodwill. The Board reviewed the staff’s research and analysis on (1) “subsuming certain identifiable intangible assets in a business combination into goodwill” and (2) factors that entities could consider “when estimating the useful life of goodwill if they choose to deviate from the default period and a cap on the amortization period.”
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April 8, 2021
Heads Up — FASB Provides Private Companies and Not-for-Profit Entities With an Accounting Alternative for Evaluating Goodwill Impairment Triggering Events (April 8, 2021)
This issue discusses the FASB’s recently issued Accounting Standards Update (ASU) No. 2021-03, Accounting Alternative for Evaluating Triggering Events, which allows private companies and not-for-profit entities (NFPs) to use an accounting alternative for performing the goodwill impairment triggering event evaluation. Specifically, the ASU gives a private company or NFP the option to perform the goodwill impairment triggering event evaluation required by ASC 350-20, as well as any resulting goodwill impairment test, as of the end of the entity’s interim or annual reporting period, as applicable.
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April 6, 2021
SEC Advances Implementation of Security-Based Swap Regulation
The SEC has “voted to take two actions to continue to advance implementation of security-based swap regulation under Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act.”
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April 6, 2021
FASB Not-for-Profit Advisory Committee Holds March 2021 Meeting
At its March 25, 2021, meeting, the FASB’s Not-for-Profit (NFP) Advisory Committee discussed (1) current financial reporting issues related to COVID-19, (2) FASB agenda consultation and NFP financial performance reporting, (3) implementation of major updates, and (4) other projects in progress.
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April 5, 2021
Roadmap: Contingencies, Loss Recoveries, and Guarantees
This Roadmap provides Deloitte’s insights into and interpretations of the accounting guidance in (1) ASC 450 on loss contingencies, gain contingencies, and loss recoveries and (2) ASC 460 on guarantees. In addition to summarizing the accounting framework in ASC 450 and ASC 460 and providing an in-depth discussion of key concepts, this Roadmap includes examples to illustrate how these concepts may be applied in practice. The 2021 edition of this publication also includes updated and expanded guidance as well as On the Radar, a new section that briefly summarizes emerging issues and trends related to the accounting and financial reporting topics addressed in the Roadmap.
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April 5, 2021
Roadmap: Fair Value Measurements and Disclosures (Including the Fair Value Option)
This Roadmap provides an overview of the guidance in ASC 820 and ASC 825 on fair value measurements and disclosures as well as the fair value option. The publication is intended to help entities navigate this guidance, reduce complexity, and arrive at appropriate accounting conclusions. The 2021 edition of this Roadmap also includes On the Radar, a new section that briefly summarizes emerging issues and trends related to the accounting and financial reporting topics addressed in the Roadmap.
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April 5, 2021
Roadmap: Convertible Debt (Before Adoption of ASU 2020-06)
This Roadmap provides an overview of the requirements in ASC 470-20 related to convertible debt before the amendments made by ASU 2020-06. It includes our insights into and interpretations of how this accounting guidance should be applied by entities that have not adopted ASU 2020-06. The 2021 edition includes updated and expanded guidance as well as On the Radar, a new section that briefly summarizes emerging issues and trends related to the accounting and financial reporting topics addressed in the Roadmap.
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Go to Recent Updates
April 6, 2021
SEC Advances Implementation of Security-Based Swap Regulation
The SEC has “voted to take two actions to continue to advance implementation of security-based swap regulation under Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act.”
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April 2, 2021
FASB Discusses “Portfolio Layer” Hedging Method
At its March 31, 2021, meeting, the FASB discussed its fair value hedging project and made tentative decisions about the “portfolio layer” method (formerly known as the “last-of-layer” method) related to (1) attributes of assets included in the closed portfolio and (2) situations in which “the aggregate amount of the hedged layers currently exceeds the amount of the closed portfolio.”
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April 1, 2021
SEC Issues Statements on Special-Purpose Acquisition Companies
The staff of the SEC’s Division of Corporation Finance has issued a statement to address “certain accounting, financial reporting and governance issues that should be carefully considered before a private operating company undertakes a business combination with a special purpose acquisition company.”
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March 31, 2021
FASB and ASBJ Hold Biannual Meeting
On March 29–30, 2021, the FASB held a virtual meeting with the Accounting Standards Board of Japan (ASBJ). The meeting is the 29th in a series of biannual meetings the two standard setters hold to further their “cooperative efforts to develop high-quality global accounting standards.”
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March 30, 2021
FASB Issues ASU to Provide Private Companies and Not-for-Profit Organizations With Accounting Alternative to the Goodwill Triggering Event Assessment
The FASB has issued Accounting Standards Update (ASU) 2021-03, Accounting Alternative for Evaluating Triggering Events. The ASU “provides an accounting alternative expected to reduce the complexity for private companies and not-for-profit organizations when performing the goodwill triggering event evaluation.”
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March 26, 2021
FASB Holds March 24 Meeting
At its March 24, 2021, meeting, the FASB ratified the Emerging Issues Task Force (EITF) consensus on Issue 19-C, “Issuer’s Accounting for Certain Modifications of Freestanding Equity Classified Forwards and Options,” and removed its projects based on Issue 19-B, “Revenue Recognition: Contract Modifications of Licenses of Intellectual Property,” and consolidation of a not-for-profit entity by a for-profit sponsor from its technical agenda.
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March 24, 2021
SEC Accepts 2021 U.S. GAAP Financial Reporting Taxonomy and SEC Reporting Taxonomy
The FASB has announced that the SEC has accepted the 2021 U.S. GAAP Financial Reporting Taxonomy and SEC Reporting Taxonomy.
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March 24, 2021
SEC Issues Interim Rule on Requirements Related to the Holding Foreign Companies Accountable Act
The SEC has issued an interim rule, Holding Foreign Companies Accountable Act Disclosure.
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