Accounting Standards & Reporting Matters

Achieving excellence through technical experience.

Learn More
  • Type
  • Article
  • Comment Letter
  • Practice Aid
  • Service
  • Advisory
  • Audit & Assurance
  • Tax
  • Industry
  • Asset Management
  • Financial Institutions & Specialty Finance
  • Gaming & Leisure
  • Government & Public Sector
  • Government Contracting
  • Healthcare
  • Insurance
  • Life Sciences
  • Manufacturing
  • Natural Resources
  • Nonprofit & Education
  • Private Equity
  • Professional Services
  • Real Estate & Construction
  • Restaurants
  • Retail & Consumer Products
  • Technology
Article

Key Accounting Considerations Leading Into Your Year-End Audit

December 4, 2024
Article

Key Accounting Considerations Leading Into Your Year-End Audit

December 4, 2024

While all accounting matters are important to an audit, this article explores essential considerations that may be overlooked or misunderstood, leading into audit season for most companies: lease modifications and remeasurements, new segment disclosures, goodwill and intangible impairment considerations, as well as the measurement of credit losses covered by FASB Topic 326.

Read More

Article

BDO Bulletin: Induced Conversions of Convertible Debt Instruments

November 27, 2024
Article

BDO Bulletin: Induced Conversions of Convertible Debt Instruments

November 27, 2024

The FASB recently clarified the requirements for determining whether a convertible debt settlement is accounted for as an induced conversion, rather than an extinguishment, which determines the effect of the debt’s settlement on net income.

Read More

Comment Letter

Derivatives and Hedging (Topic 815): Hedge Accounting Improvements

November 26, 2024
Comment Letter

Derivatives and Hedging (Topic 815): Hedge Accounting Improvements

November 26, 2024

BDO supports the Board’s proposal to expand the application of cash flow hedge accounting to additional forecasted transactions and underlying risks. BDO suggested clarifications on certain aspects of the proposal to improve operability of the proposed guidance.

Read More

Article

FASB Finalizes ASU to Disaggregate Income Statement Expenses

November 7, 2024
Article

FASB Finalizes ASU to Disaggregate Income Statement Expenses

November 7, 2024

Based on investor and other constituent feedback requests for more information about income statement expenses, the Financial Accounting Standards Board (FASB) introduced guidance requiring expanded disclosures for public business entities (as defined in U.S. GAAP) about specific income statement expenses in Accounting Standards Update (ASU) No. 2024-03: Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses.

Read More

Comment Letter

BDO Comment Letter - Derivatives and Hedging (Topic 815) and Revenue from Contracts with Customers (Topic 606)

October 22, 2024
Comment Letter

BDO Comment Letter - Derivatives and Hedging (Topic 815) and Revenue from Contracts with Customers (Topic 606)

October 22, 2024

BDO supports the Board’s proposals to refine the derivatives scope exception and to clarify that an entity should apply the guidance in ASC 606 to a share-based payment from a customer as consideration in a revenue contract.

Read More

Article

2024 SEC Reporting Insights

October 21, 2024
Article

2024 SEC Reporting Insights

October 21, 2024

In 2024, the Securities and Exchange Commission (SEC) issued its highly anticipated climate change disclosure rules. Our publication provides some key disclosure and reporting reminders for upcoming filings and summarizes the SEC’s rulemaking and other activities that affect financial reporting.

Read More

Article

New Accounting Standards Upcoming Effective Dates for Public and Private Companies

October 18, 2024
Article

New Accounting Standards Upcoming Effective Dates for Public and Private Companies

October 18, 2024

This publication summarizes the new accounting standards with mandatory effective dates in the first quarter of 2024 for public entities, as well as new standards that take effect in annual 2023 financial statements for nonpublic entities.

Read More

Article

New Segment Reporting Disclosures

October 1, 2024
Article

New Segment Reporting Disclosures

October 1, 2024

Segment reporting disclosure requirements are changing. In November 2023, the Financial Standards Accounting Board (FASB) issued Accounting Standards Update (ASU) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which introduced new annual and interim disclosure requirements for all public entities and modified some existing disclosures.

Read More

Didn't find what you're looking for?

Explore Advanced Searchchevron_right

Explore

BDO’s in-depth Blueprints, Snapshots and practice aids summarize key concepts to help you comply with and gain a deeper understanding of complex accounting and financial reporting topics. These publications explore the application of financial reporting and U.S. GAAP principles through practical examples and interpretive guidance.

cast_for_education

Quarterly Technical Update Webinar Series

BDO’s Quarterly Technical Update webinar series is designed to help financial management, board directors, and audit committees stay on top of today's hot accounting topics and key regulatory developments. 

View Webinar Series