A new standard published in 2016 by the Financial Accounting Standards Board (FASB) will change the way banks report expected credit losses.
Companies plan mergers and acquisitions because they see opportunity in the deal — but so do their competitors. As soon as your M&A deal is announced, your rivals could be calling your target’s clients inviting them to jump ship.
Starting with tax years beginning in 2018, the Tax Cuts and Jobs Act (TCJA) will lower the ceiling for business interest deductions for manufacturers with more than $25 million in average annual gross receipts.
On October 10, the Financial Accounting Standards Board (FASB) agreed to release for public comment a proposal from its Emerging Issues Task Force (EITF) to align the accounting for the production costs of TV shows with that for the costs of movies.
Good News for Small Banks and Credit Unions: FASB Votes to Delay Their Effective Date for New Credit Loss Standard
Many small banks, credit unions and lenders have been hoping the Financial Accounting Standard Board (FASB) would give them more time to comply with the new current expected credit losses (CECL) accounting standard, or exempt them altogether.