Accounting Research Tool

Second Quarter — 2019

Quarterly Accounting Roundup
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Second Quarter — 2019

Welcome to Quarterly Accounting Roundup: Second Quarter — 2019. In the second quarter of 2019, the FASB issued:
  • Final Accounting Standards Updates (ASUs) that (1) provide targeted transition relief for entities adopting the FASB’s new credit losses standard, ASU 2016-13;1 (2) clarify certain aspects of the accounting for credit losses, hedging activities, and financial instruments; and (3) extend private-company alternatives on goodwill and certain identifiable intangible assets to not-for-profit (NFP) entities.
  • Proposed ASUs that would (1) align certain FASB Codification guidance with SEC disclosure requirements, (2) simplify the accounting for income taxes, and (3) amend certain aspects of the FASB’s guidance on credit losses.


FASB Accounting Standards Update No. 2016-13, Measurement of Credit Losses on Financial Instruments.
IFRS 17, Insurance Contracts.
IFRS 3, Business Combinations.