Accounting Matters

Adam Olsen and Matt Fisser are here to dish all of the post-Fourth of July accounting & finance news you need to know, including:

  • FASB’s plans to improve ASC 350-40, requiring an entity to use more judgment to determine when to recognize software costs
  • Progress on FASB’s project for disaggregation of income statement expenses
  • Sneak peek at the AICPA’s update to their Valuation of Privately Held Company Equity Securities Issued as Compensation—aka the Cheap Stock Guide.
  • Announced improvements to the SEC website
  • New interpretive guidance from the SEC to clarify its recent cybersecurity rules
  • IASB finalizing the revision of IFRS Practice Statement 1, Management Commentary
  • ISSB’s plan to harmonize and consolidate the global sustainability disclosure landscape 
  • Update on the FTC rule effectively banning noncompete agreements in the US

For more on this week’s topics:
FASB: Tentative Board Decisions, Accounting for and Disclosure of Software Costs
FASB: Tentative Board Decisions, Disaggregation—Income Statement Expenses
Working Draft of Chapters 8 and 9 from the Valuation of Privately-Held-Company Equity Securities Issued as Compensation Accounting and Valuation Guide
SEC Updates Website to Improve Compliance, Functionality, and User Experience
Cyber Update: SEC Issues New Guidance on Cybersecurity Incident Disclosure
IASB agrees to finalise the revision of the Management Commentary Practice Statement
ISSB delivers further harmonisation of the sustainability disclosure landscape
Federal judge partially blocks U.S. ban on noncompetes

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What is Accounting Matters?

Accounting Matters lives up to its title, covering vital accounting topics that actually matter to professionals in the accounting trenches. We start with a new topic and definition every episode, then highlight and discuss the key areas, from evaluation to reporting. Accounting Matters is hosted by public accounting veterans Adam Olsen & Nicole Harger from advisory firm Embark.

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