NewsFlashes

FASB Issues Update on Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement

April 23, 2015

Learn about the recent guidance from FASB on customer’s accounting for fees paid in a cloud computing arrangement.


FASB Issues ASU on the Presentation of Debt Issue Costs

April 08, 2015

Entities that have historically presented debt issuance costs as an asset, related to a recognized debt liability, will be required to present those costs as a direct deduction from the carrying amount of that debt liability.


FASB Proposes Delay of the New Revenue Recognition Standard

April 02, 2015

The Financial Accounting Standards Board voted on Wednesday to propose an amendment to delay the effective date of the new rules on revenue recognition for one year.


Joint Venture Audit Scheduling Should Start Now

April 02, 2015

Learn about how Hein helps clients develop effective relationships with their partners through the Joint Venture Audit (JV audit) process.


FASB Issues Private Company VIE Alternative

March 24, 2015

The Financial Accounting Standards Board (FASB) issued guidance intended to improve private company financial reporting regarding consolidation of lessors in certain common control leasing arrangements. FASB Accounting Standards Update No. 2014-07, Applying Variable Interest Entities Guidance to Common Control Leasing Arrangements, is based on a consensus reached by the Private Company Council (PCC).


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