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Improvements to the FASB Codification

by Ed Schenkein Codification Improvements In July 2018, The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2018-09, Codification Improvements. The FASB has a standing project on its agenda to address suggestions received from...

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Cloud Computing

  On March 1, 2018, the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standard Update (ASU) clarifying the accounting for implementation costs related to a cloud computing arrangement that is a service contract. This update is intended...

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Summary of SAB 118

The Securities Exchange Commission (“SEC”) issued Staff Accounting Bulletin (“SAB”) 118, to assist registrants and address uncertainty surrounding situations where registrants have not completed their analysis of the income tax effects of the Tax Cuts and Jobs Act...

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