Deloitte
Accounting Research Tool

Home

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.

New Login Process Tips

***COVID-19 Resources***Roadmaps US GAAP SEC Key Dates Recent Deloitte Publications

Accounting Roundup — Second Quarter — 2021

Roadmap: Contracts on an Entity's Own Equity (June 2021)

Technology Spotlight — Applying the Revenue Standard to Cloud Conversion or Switching Rights (June 2021)

Heads Up — #DeloitteESGnow — The ESG Regulatory Whirlwind: Accountability on the Horizon (June 4, 2021)

Heads Up — Do ESG Matters Affect Accounting and Financial Reporting Today? (May 26, 2021)

Heads Up — FASB Proposes Further Improvements to Hedge Accounting Guidance (May 21, 2021)

Financial Reporting Alert 20-6 (Updated) — Accounting and SEC Reporting Considerations for SPAC Transactions (April 30, 2021)

Technology Spotlight — Applying the Revenue Standard to Identify the Performance Obligations in Arrangements That Include Smart Devices, Updates, and Cloud-Based Services (April 2021)

Find the IFRS Content

FASB Tentative Board Decisions — July 23, 2021

Tentative Board decisions are provided for those interested in following the Board’s deliberations. All of the reported decisions are tentative and may be changed at future Board meetings.

CFO Insights Newsletter — For CFOs, Putting Well-Being to Work Can Offer Healthy Returns (July 2021)

This issue examines one new approach CFOs are taking towards well-being, as well as how CFOs can foster a culture of well-being and evaluate the return on investments made in it. In addition, this issue discusses how a shift in priorities may require CFOs to assume an additional role: chief culture officer.

Accounting Standards Update No. 2021-05

The amendments in this Update require lessors to classify and account for a lease with variable lease payments that do not depend on a reference index...

GASB Proposes Additional Changes to Notes to Financial Statements

The GASB has issued a revised exposure draft (ED) of a proposed concepts statement, Communication Methods in General Purpose External Financial Reports That Contain Basic Financial Statements: Notes to Financial Statements — an amendment of GASB Concepts Statement No. 3.

FASB Issues Guidance on Lessor’s Accounting for Certain Leases With Variable Lease Payments

The FASB has issued Accounting Standards Update (ASU) No. 2021-05, Lessors — Certain Leases With Variable Lease Payments. The ASU requires a lessor to “classify and account for a lease with variable payments as an operating lease if (a) the lease would have been classified as a sales-type lease or a direct financing lease and (b) the lessor would have otherwise recognized a day-one loss. A day-one loss or profit is not recognized under operating lease accounting.”

FASB Tentative Board Decisions — July 14, 2021

Tentative Board decisions are provided for those interested in following the Board’s deliberations.

FASB Holds July 14 Meeting

At its July 14, 2021, meeting, the FASB decided to add to its agenda projects on (1) troubled debt restructurings for creditors and enhancing certain loan modification disclosures and (2) purchased credit-deteriorated financial assets. The Board also decided to remove its project on inventory disclosure requirements and keep its project on whether gross write-off and recovery information should be presented in vintage disclosures.

GASB Proposes Omnibus Statement

The GASB has issued an exposure draft (ED), Omnibus 20XX. The ED addresses “various accounting and financial reporting issues identified during the implementation and application of certain GASB pronouncements or during the due process on other pronouncements.”

Go to Recent Updates

GASB Proposes Additional Changes to Notes to Financial Statements

The GASB has issued a revised exposure draft (ED) of a proposed concepts statement, Communication Methods in General Purpose External Financial Reports That Contain Basic Financial Statements: Notes to Financial Statements — an amendment of GASB Concepts Statement No. 3.

FASB Issues Guidance on Lessor’s Accounting for Certain Leases With Variable Lease Payments

The FASB has issued Accounting Standards Update (ASU) No. 2021-05, Lessors — Certain Leases With Variable Lease Payments. The ASU requires a lessor to “classify and account for a lease with variable payments as an operating lease if (a) the lease would have been classified as a sales-type lease or a direct financing lease and (b) the lessor would have otherwise recognized a day-one loss. A day-one loss or profit is not recognized under operating lease accounting.”

FASB Holds July 14 Meeting

At its July 14, 2021, meeting, the FASB decided to add to its agenda projects on (1) troubled debt restructurings for creditors and enhancing certain loan modification disclosures and (2) purchased credit-deteriorated financial assets. The Board also decided to remove its project on inventory disclosure requirements and keep its project on whether gross write-off and recovery information should be presented in vintage disclosures.

GASB Proposes Omnibus Statement

The GASB has issued an exposure draft (ED), Omnibus 20XX. The ED addresses “various accounting and financial reporting issues identified during the implementation and application of certain GASB pronouncements or during the due process on other pronouncements.”

FASAC Holds June Meeting

At its June 24, 2021, meeting, the FASB’s Financial Accounting Standards Advisory Council (FASAC) discussed (1) financial accounting implications related to critical audit matters and (2) implementation of the FASB’s leasing standard.

CAQ Releases Highlights of March 2021 Joint Meeting With the SEC Staff

The Center for Audit Quality (CAQ) has published highlights of the March 24, 2021, CAQ SEC Regulations Committee joint meeting with the SEC staff.

PCC Holds June 2021 Meeting

The Private Company Council (PCC) held a meeting with the FASB on June 21–22, 2021.

CAQ Issues Publication on the Value of the Audit

The report summarizes “the importance of well-functioning capital markets to the economy, the historical importance of audited financial statements, and the roles and responsibilities of each key stakeholder in the US financial reporting supply chain.”