Heads Up

This Heads Up discusses the FASB’s Proposed Financial Accounting Standards Update (ASU) Accounting for Government Grants by Business Entities. The proposal would add guidance to ASC 832 on the recognition, measurement, and presentation of government grants.

This Heads Up discusses the FASB’s Invitation to Comment (ITC) Financial Key Performance Indicators for Business Entities. Comments on the ITC are due by April 30, 2025.

This Heads Up discusses the FASB’s proposed Accounting Standards Update (ASU) Interim Reporting (Topic 270): Narrow-Scope Improvements, which would clarify the interim reporting requirements in ASC 270. The FASB issued the proposal in response to concerns from stakeholders regarding the complexity of applying these requirements. Comments on the proposed ASU are due by March 31, 2025.

This Heads Up discusses the FASB’s issuance of ASU 2024-03, which requires disaggregated disclosure of income statement expenses for public business entities.

This Heads Up discusses the FASB’s proposed Accounting Standards Update (ASU) Targeted Improvements to the Accounting for Internal-Use Software, which would amend certain aspects of the accounting for and disclosure of software costs under ASC 350-40.

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.