Financial Accounting

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FINANCIAL ACCOUNTING

EVENT

Latest Coronavirus Impact on Capital Asset Accounting

Join Bloomberg Tax & Accounting to learn about the impact of the pandemic on capital asset accounting from both a financial and tax perspective.

FINANCIAL ACCOUNTING

REPORT

Are We Done Yet? The State of Lease Accounting Challenges and Outcomes

Bloomberg Tax surveyed more than 242 professionals responsible for leased asset accounting across more than 200 companies in the late spring/early summer of 2019. The results shared here illustrate the challenges, benefits, and outcomes companies are experiencing in implementing ASC 842 and IFRS 16.

FINANCIAL ACCOUNTING,

BRIEF

Credit Losses: Changes to Credit Loss Guidance

Jon Howard, Deloitte Audit and Assurance Partner, discusses changes to credit loss guidance, the impact beyond banks, lessons from IFRS 9 adoption, and more.

FINANCIAL ACCOUNTING

REPORT

Transfer Pricing Forum: Taxation and Digitalization of the Economy

Transfer Pricing Forum Taxation and Digitalization of the Economy The phrase, ‘‘the world is a global village’’ was initially coined in the 1960s to reflect the growing interconnectivity of the world due to the proliferation of media technologies; and is more relevant now than ever before with digitalization transforming every aspect of our lives. It […]

FINANCIAL ACCOUNTING

REPORT

ASC 842 Understanding the New Lease Accounting Standard

After almost 10 years of planning, the Financial Accounting Standards Board, in 2016, issued sweeping changes to the way in which leases would be accounted. The new standard affects corporations that enter lease arrangements and will bring trillions of dollars in liabilities to US balance sheets.

FINANCIAL ACCOUNTING

REPORT

2019 Credit Losses

2019 Credit Losses explores how the credit loss landscape is set to be transformed by the implementation of ASC 326. This new standard from FASB is sure to impact how corporations can write down losses on financial assets and poses significant risks to companies that don’t plan ahead for the new standard.