- FASB has released four major updates to U.S. GAAP that will go into effect in the next few years. These sweeping changes — combined with plans to reform the tax code and reduce federal regulations under the Trump administration — have created a volatile environment for CFOs and controllers. Here's a summary of what’s changing and when the changes, if applicable to you, will hit your financial statements.
- The accounting rules for mergers and acquisitions can be complicated depending on how a deal is structured. Here are four questions to ask to help you record your transaction correctly.
- Baker Tilly provides comment on the proposed ASU for Consolidation (Topic 810), Targeted Improvements to Related Party Guidance for Variable Interest Entities, issued by the FASB.
- FASB’s guidance on reporting hedging transactions is complicated and is currently a leading cause of restatements. But that could change, now that the FASB has issued ASU No. 2017-12.
- Baker Tilly not-for-profit specialists provide a detailed overview on ASU 2016-14.
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