Heads Up Newsletter

This Heads Up discusses the FASB’s proposed Accounting Standards Update (ASU) “Initial Measurement of Paid-in-Kind Dividends on Equity-Classified Preferred Stock,” which would amend ASC 505 to add guidance on how an issuer should measure paid-in-kind dividends on equity-classified preferred stock.

This Heads Up discusses FASB Accounting Standards Update (ASU) No. 2025-07, which (1) refines the scope of the guidance on derivatives in ASC 815 and (2) clarifies the guidance on share-based payments from a customer in ASC 606.

This Heads Up discusses FASB Accounting Standards Update (ASU) No. 2025-06, Targeted Improvements to the Accounting for Internal-Use Software. The ASU amends certain aspects of the accounting for and disclosure of software costs under ASC 350-40.

This Heads Up discusses developments since the February 2025 publication of the European Commission’s omnibus proposals, including the publication of exposure drafts for revised and simplified European Sustainability Reporting Standards, and the related considerations for U.S. entities.

This Heads Up discusses FASB Accounting Standards Update No. 2025-05, Measurement of Credit Losses for Accounts Receivable and Contract Assets, which amends ASC 326-20 to provide a practical expedient and an accounting policy election.

This Heads Up discusses the accounting under ASC 740 for income tax effects of the new legislation known as the “One Big Beautiful Bill Act.” It highlights our current understanding of the business tax provisions of the legislation that may have a more substantive impact on financial statements in the period of the law’s enactment.