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Amid managing the challenges of recovering from the pandemic and supply chain disruptions, CFOs are bracing their organizations for inflation, interest rate hikes, shrinking talent pools, and the unfolding impacts of the Russia-Ukraine war. CFOs lowered their year-over-year growth expectations for revenue, earnings, and capital spending compared to 1Q22.

The purpose of the Invitation to Comment (ITC) is to solicit broad stakeholder feedback on the recognition, measurement, and presentation requirements...

This Accounting Spotlight discusses accounting implications of the evolving metaverse, an immersive digital environment that allows users to interact with their surroundings and one another in a shared space. Specifically, it addresses an entity’s accounting for transactions that involve nonfungible tokens (NFTs), units of data on a digital ledger (i.e., a blockchain) that represent rights associated with virtual or real-world assets and services. The accounting considerations highlighted, which include revenue recognition, developments costs, and the application of ASC 350, will vary depending on whether the entity is an NFT (1) issuer or developer or (2) investor or purchaser.

This EITF Snapshot summarizes the June 16, 2022, meeting of the Emerging Issues Task Force (EITF or "Task Force"). At this meeting, the Task Force discussed Issue 21-A, “Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method.”