FASB Advises Against Adopting New Hedge Standards Too Quickly

The long awaited revisions to the Financial Accounting Standards Board’s hedge accounting standard are in, but the FASB is advising against adopting the new standards too quickly.

“The accounting standards update for hedging, which FASB issued Monday, takes effect for public companies in 2019 and private companies in 2020 (see FASB releases hedge accounting standard). But FASB is also allowing early adoption for companies if they want to begin using it right away…” [ Read more here ]

Financial Accounting Standards Board Releases Hedge Accounting Standard

financial accounting standards board hedge accounting guidelines After a long drawn out phase, the FASB (Financial Accounting Standards Board) has released their new guidelines for hedge fund accounting…

“The Financial Accounting Standards Board has released its long-awaited hedging standard, the final component of its financial instruments convergence project with the International Accounting Standards Board…” [ Read more here ]

Accounting Changes Pose Need For Changes At Netflix

netflix original content causes need for accounting changes - sterling accounting Netflix’s path into the original content game may be posing the need for some accounting changes due to recent changes in regulations with the FASB…

“That’s because of a new rule issued by the Financial Accounting Standards Board in 2014, that changes standards for how companies recognize revenue. Companies have until January 2018 to implement the new revenue standards…” [ Read more here ]