Heads Up Newsletter

This Heads Up discusses the FASB’s proposed Accounting Standards Update (ASU) Clarifications to Share-Based Consideration Payable to a Customer, which would clarify the guidance in ASC 606 and ASC 718 on the accounting for share-based payment awards that are granted by an entity as consideration payable to its customer.

This Heads Up briefly discusses SB-219, Greenhouse Gases: Climate Corporate Accountability: Climate-Related Financial Risk, which amends portions of Sections 38532 and 38533 of the California Health and Safety Code that were established upon the passage of California state senate bills SB-253, Climate Corporate Data Accountability Act, and SB-261, Greenhouse Gases: Climate-Related Financial Risk. While the new legislation is expected to reduce the financial burden of complying with SB-253, it does not delay the reporting deadlines under SB-253 or SB-261.

This Heads Up discusses the FASB’s proposed Accounting Standards Update (ASU) Hedge Accounting Improvements, which would amend certain facets of the hedge accounting guidance in ASC 815. The proposal is intended to address issues raised by stakeholders during the implementation of ASU 2017-12 and more recent concerns that have surfaced as a result of the global reference rate reform initiative.

This Heads Up provides insights, on the basis of recent discussions with the SEC staff, into the implementation of FASB Accounting Standards Update (ASU) No. 2023-07, “Improvements to Reportable Segment Disclosures,” including the use of non-GAAP measures.

This Heads Up discusses the FASB’s recent issuance of a proposed Accounting Standards Update that would (1) refine the scope of the guidance on derivatives in ASC 815 and (2) clarify the scope of the guidance on share-based payments from a customer in ASC 606.

This Heads Up discusses tentative decisions that the FASB has made since issuing its proposed Accounting Standards Update (ASU) on DISE, which would enhance disclosures related to DISE for public business entities to further disaggregate expenses in the footnotes to their financial statements. The Board concluded its redeliberations on the proposed ASU at its June 26, 2024, meeting.