Spotlight Series

This Accounting Spotlight discusses considerations for commercial entities adopting the FASB’s current expected credit loss (CECL) standard in 2023.

This Accounting Spotlight examines environmental credits and certain current U.S. accounting practices, regulatory developments, and other accounting issues associated with them. Originally issued in October 2022, this publication was updated to reflect the expanded coverage of this topic in Deloitte’s November 16, 2022, Financial Reporting Alert on financial reporting considerations related to environmental events and activities.

This Accounting Spotlight discusses certain key accounting and financial reporting matters related to the FASB’s leasing standard, ASC 842, that an entity needs to consider when going public.

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 issue discusses the accounting for software migration costs in cloud computing arrangements such as software as a service, platform as a service, and infrastructure as a service. Considerations addressed include differentiating between a service contract and internal-use software, identifying capitalizable or deferrable costs, and how migrating applications to the cloud may affect the accounting for existing capitalized software costs.

This issue discusses certain key accounting and financial reporting considerations related to various aspects of an entity’s real estate rationalization program.

This publication summarizes and compares the key sustainability-related reporting requirements issued by the SEC and the state of California in the United States, the European Union via the Corporate Sustainability Reporting Directive (CSRD), and the International Sustainability Standards Board (ISSB) within the IFRS Foundation. It is intended to help U.S.-based entities that might have to report under more than one regulatory framework as well as entities that were preparing to adopt the SEC’s climate disclosure rule or the CSRD and want to understand how to leverage such preparation when applying other sustainability requirements (e.g., those issued by the state of California or the ISSB).

This issue highlights accounting considerations for airlines, SAF developers, and partners related to purchases and sales of (1) SAF and (2) SAF emission reduction reporting rights. In addition, it discusses efforts to develop a SAF certificate framework (e.g., by the World Economic Forum) and a centralized registry for claiming the environmental benefits of SAF (e.g., by the Sustainable Aviation Buyers Alliance, the Energy Web Foundation, and the Rocky Mountain Institute).

This Financial Reporting Spotlight offers insights into how Fortune 500 companies have approached various disclosures in their latest annual reports in light of the complexities and uncertainties in the current global business environment.

This Financial Reporting Spotlight provides insights into how Fortune 500 companies have addressed various disclosures in their annual reports as a result of the rapid transformation of the global business environment in recent years.

This publication discusses risks and cost accounting considerations for companies bidding on or entering into a U.S. government contract. This is one of a series of Aerospace and Defense (A&D) industry spotlights focusing on key accounting and operational matters relevant to companies within the A&D industry.

This aerospace and defense (A&D) industry spotlight addresses information security considerations and requirements for companies that work with the U.S. government, including the Cybersecurity Maturity Model Certification (CMMC) and International Traffic in Arms Regulations (ITAR).

This spotlight for the aerospace and defense (A&D) industry identifies key considerations related to the process of developing and monitoring estimates at completion (EACs) and is intended to supplement the considerations in Deloitte’s Roadmap Revenue Recognition.

This Government & Public Services Spotlight discusses changes as a result of the Department of Education’s October 2023 final rule on financial responsibility and other matters. The final rule’s requirements become effective July 1, 2024.

This publication discusses considerations related to the implementation of SEC Final Rule Release No. 33-10570, "Modernization of Property Disclosures for Mining Registrants."

This Renewables Spotlight examines the accounting for battery energy storage systems and for land lease costs during construction.

This Renewables Spotlight examines consolidation matters related to investments in renewable ventures. Such ventures often involve complex accounting considerations associated with determining which entity (if any) should consolidate the venture.

The first installment in our Renewables Spotlight series, which focuses on emerging accounting and reporting topics that apply to the renewables industry, discusses virtual power purchase agreements.

This publication focuses on considerations related to determining the appropriate accounting treatment for a retailer’s provision of advertising services to a supplier.

This publication highlights the importance of a technology entity’s consideration of the June 2024 working draft of two chapters released as part of a planned update to the AICPA’s Accounting and Valuation Guide Valuation of Privately-Held Company Equity Securities Issued as Compensation. The chapters consolidate best practices for applying the fair value measurement guidance in ASC 820 and the share-based payment compensation guidance in ASC 718 to the valuation of equity securities underlying share-based compensation awards.

This publication highlights potential considerations for software-as-a-service (SaaS) resellers related to their accounting for arrangements involving SaaS vendors and end users under ASC 606.

This Technology Spotlight discusses the accounting for generative AI software development, including which U.S. GAAP to apply and how to evaluate the related costs.

This publication provides illustrative examples of software arrangements involving cloud conversion or switching rights and discusses potential models that software entities may consider when accounting for such arrangements under ASC 606.

This publication discusses how technology entities that sell smart devices and related subscription services to customers should apply the revenue guidance in ASC 606 to determine whether to account for those offerings as multiple performance obligations or as a combined performance obligation. It also discusses the interaction between ASC 606 and ASC 842 in the accounting for arrangements that include the lease of a smart device and the sale of a subscription service.