Últimos Pronunciamientos de la FASB

Detalles: Escrito por Financial Accounting Standards Board (FASB); Publicado: 21 Julio 2021

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FASB ACCOUNTING STANDARDS UPDATES

Issued in 2024

Update 2024-01: Compensation—Stock Compensation (Topic 718). The FASB is issuing the amendments in this Update to improve generally accepted accounting principles (GAAP) by adding an illustrative example to demonstrate how an entity should apply the scope guidance in paragraph 718- 10-15-3 to determine whether profits interest and similar awards (“profits interest awards”) should be accounted for in accordance with Topic 718, Compensation—Stock Compensation.

Update 2024-02: Codification Improvements—Amendments to Remove References to the Concepts Statements.

Issued in 2023

Update 2023-09: Income Taxes (Topic 740) - Improvements to Income Tax Disclosures

Update 2023-08: Intangibles—Goodwill and Other: Crypto Assets (Subtopic 350-60) No. 2023-08 December 2023 Accounting for and Disclosure of Crypto Assets.

Update 2023-07: Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures (November 2023)

Update 2023-06: Disclosure Improvements - Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative (October 2023)

Conceptual Framework Update: New Chapter 5 on Recognition and Derecognition (August 2023).

This chapter sets forth recognition and derecognition criteria to guide when an item should be incorporated into and removed from financial statements. This chapter builds on the foundation described in other concepts, bringing those concepts together to apply them to recognition and derecognition issues.

Update 2023-05: Business Combinations— Joint Venture Formations (Subtopic 805-60)

The amendments in this Update address the accounting for contributions made to a joint venture, upon formation, in a joint venture’s separate financial statements. The objectives of the amendments are to (1) provide decision-useful information to investors and other allocators of capital (collectively, investors) in a joint venture’s financial statements and (2) reduce diversity in practice.

Update 2023-04: Liabilities (Topic 405) No. 2023-04 August 2023 Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 121

Proposed Update - Stock Compensation, Scope Appl of Profits Ints Awards (Topic 718)

The FASB is issuing the amendments in this proposed Update to improve generally accepted accounting principles (GAAP) by adding an illustrative example to demonstrate how an entity would apply the scope guidance in paragraph 718- 10-15-3 to determine whether profits interest and similar awards (“profits interest awards”) should be accounted for in accordance with Topic 718, Compensation— Stock Compensation.

Proposed Update - Income Taxes, Improvements to Income Tax Disclosures (Topic 740)

The Board is issuing the amendments in this proposed Update to enhance the transparency and decision usefulness of income tax disclosures. Investors, lenders, creditors, and other allocators of capital (collectively, “investors”) have indicated that the existing income tax disclosures should be enhanced to provide information to better assess how an entity’s worldwide operations and related tax risks and tax planning and operational opportunities affect its tax rate and prospects for future cash flows. Investors currently rely on the rate reconciliation table and other disclosures, including total income taxes paid in the statement of cash flows, to evaluate income tax risks and opportunities. While investors find these disclosures helpful, they suggested possible enhancements to better (1) understand an entity’s exposure to potential changes in jurisdictional tax legislation and the ensuing risks and opportunities, (2) assess income tax information that affects cash flow forecasts and capital allocation decisions, and (3) identify potential opportunities to increase future cash flows.

Update 2023-03: Compensation - Stock Compensation (Topic 718)

Update 2023-02: Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method (Topic 323)

The FASB is issuing this Accounting Standards Update to allow reporting entities to consistently account for equity investments made primarily for the purpose of receiving income tax credits and other income tax benefits.

Update 2023-01: Leases (Topic 842) Common Control Arrangements

Since the issuance of Accounting Standards Update No. 2016-02, Leases (Topic 842), the Board has prioritized monitoring and assisting stakeholders with the implementation of Topic 842 through its Post-Implementation Review (PIR) process. PIR activities include, but are not limited to, responding to technical accounting inquiries and proactively seeking feedback on issues arising from applying Topic 842. The amendments in this Update respond to private company stakeholders’ concerns about applying Topic 842 to related party arrangements between entities under common control.

Proposed Update: Intangibles: Goodwill and Other—Crypto Assets (Subtopic 350-60) Accounting for and Disclosure of Crypto Assets. (See below for more information).

The Board is issuing the amendments in this proposed Update to improve the accounting for and disclosure of certain crypto assets. Stakeholder feedback, including from respondents to the 2021 FASB Invitation to Comment (ITC), Agenda Consultation, indicated that improving the accounting for and disclosure of crypto assets should be a top priority for the Board. Stakeholders stated that the current accounting—except as provided in generally accepted accounting principles (GAAP) for certain specialized industries—for holdings of crypto assets as indefinite-lived intangible assets, which is a cost-less-impairment accounting model, does not provide investors, lenders, creditors, and other allocators of capital (collectively, “investors”) with decision-useful information. Specifically, reflecting only the decreases, but not the increases, in the value of crypto assets in the financial statements until they are sold does not provide relevant information that reflects (1) the underlying economics of those assets and (2) an entity’s financial position. Certain investors also requested additional disclosures about the types of crypto assets held by entities and changes in those holdings. In addition to better reflecting the economics of crypto assets, measuring those assets at fair value would potentially reduce cost and complexity associated with applying the current cost-less-impairment accounting model.

Issued in 2022

Tentative Board Decisions, October 12, 2022 - Accounting for and disclosure of crypto assets (See Proposed Update above)

The Board decided to require an entity to:

Measure crypto assets at fair value, using the guidance in Topic 820, Fair Value Measurement.
Recognize increases and decreases in fair value in comprehensive income each reporting period.
Recognize certain costs incurred to acquire crypto assets, such as commissions, as an expense (unless the entity follows specialized industry measurement guidance that requires otherwise).

The Board also considered:

Various measurement alternatives for crypto assets with inactive markets and decided not to pursue those alternatives.
Whether to provide implementation guidance relative to the application of fair value measurement of crypto assets and decided not to provide additional measurement guidance as part of this project.
Whether there should be a difference for private companies for the measurement of crypto assets and decided that the measurement and recognition requirements should be the same for all entities.

The Board will consider presentation, disclosure, and transition at a future meeting.

Update 2022-04: Liabilities—Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations

Update 2022-03: Fair Value Measurement (Topic 820)

Update 2022-02: Financial Instruments—Credit Losses (Topic 326)

Update 2022-01: Derivatives and Hedging (Topic 815)

Issued in 2021

Update 2021-10: Government Assistance (Topic 832) - Disclosures by Business Entities about Government Assistance
Update 2021-09: Leases (Topic 842): Discount Rate for Lessees That Are Not Public Business Entities
Update 2021-08: Business Combinations (Topic 805) - Accounting for Contract Assets and Contract Liabilities from Contracts with Customers
Update 2021-07: Compensation—Stock Compensation (Topic 718), Determining the Current Price of an Underlying Share for Equity-Classified Share-Based Awards
Update 2021-06: Presentation of Financial Statements (Topic 205), Financial Services—Depository and Lending (Topic 942), and Financial Services— Investment Companies (Topic 946)
Update 2021-05: Leases (Topic 842)
Update 2021-04: Earnings Per Share (Topic 260), Debt— Modifications and Extinguishments (Subtopic 470-50), Compensation—Stock Compensation (Topic 718), and Derivatives and Hedging— Contracts in Entity’s Own Equity (Subtopic 815-40)
Update 2021-03: Intangibles—Goodwill and Other (Topic 350)
Update 2021-02: Franchisors—Revenue from Contracts with Customers (Subtopic 952-606), Practical Expedient
Update 2021-01: Reference Rate Reform (Topic 848)

Issued in 2020

Update 2020-10: Codification Improvements
Update 2020-09: Amendments to SEC Paragraphs Pursuant to SEC Release No. 33-10762 (Debt - Topic 470)
Update 2020-08: Codification Improvements to Subtopic 310-20, Receivables—Nonrefundable Fees and Other Costs
Update 2020-07: Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets - Topic 958
Update 2020-06: Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging— Contracts in Entity’s Own Equity (Subtopic 815-40)
Update 2020-05: Revenue from Contracts with Customers (Topic 606) and Leases (Topic 842)
Update 2020-04: Reference Rate Reform (Topic 848)
Update 2020-03: Codification Improvements to Financial Instruments
Update 20 20-02: Financial Instruments—Credit Losses (Topic 326) and Leases (Topic 842)
Update 2020-01: Clarifying the Interactions between Topic 321, Topic 323, and Topic 815

Issued in 2019

Update 2019-12: Income Taxes (Topic 740) - Simplifying the Accounting for Income Taxes
Update 2019-11: Codification Improvements to Topic 326, Financial Instruments—Credit Losses
Update 2019-10: Financial Instruments—Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842). Effective Dates
Update 2019-09: Financial Services—Insurance (Topic 944). Effective Date
Update 2019-08: Codification Improvements—Share-Based Consideration Payable to a Customer. Compensation—Stock Compensation (Topic 718) and Revenue from Contracts with Customers (Topic 606)
Update 2019-07: Codification Updates to SEC Sections. Amendments to SEC Paragraphs Pursuant to SEC Final Rule Releases No. 33-10532, Disclosure Update and Simplification, and Nos. 33-10231 and 33-10442, Investment Company Reporting Modernization, and Miscellaneous Updates.
Update 2019-06: Intangibles—Goodwill and Other (Topic 350), Business Combinations (Topic 805), and Not-for-Profit Entities (Topic 958): Extending the Private Company Accounting Alternatives on Goodwill and Certain Identifiable Intangible Assets to Not-for-Profit Entities
Update 2019-05: Financial Instruments—Credit Losses (Topic 326): Targeted Transition Relief
Update 2019-04: Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments
Update 2019-03: Not-for-Profit Entities (Topic 958): Updating the Definition of Collections
Update 2019-02: Entertainment—Films—Other Assets—Film Costs (Subtopic 926-20) and Entertainment—Broadcasters—Intangibles—Goodwill and Other (Subtopic 920-350): Improvements to Accounting for Costs of Films and License Agreements for Program Materials (a consensus of the Emerging Issues Task Force)
Update 2019-01: Leases (Topic 842): Codification Improvements

Issued in 2018

Update 2018-20—Leases (Topic 842): Narrow-Scope Improvements for Lessors
Update 2018-19—Codification Improvements to Topic 326, Financial Instruments—Credit Losses
Update 2018-18—Collaborative Arrangements (Topic 808): Clarifying the Interaction between Topic 808 and Topic 606
Update 2018-17—Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities
Update 2018-16—Derivatives and Hedging (Topic 815): Inclusion of the Secured Overnight Financing Rate (SOFR) Overnight Index Swap (OIS) Rate as a Benchmark Interest Rate for Hedge Accounting Purposes
Update 2018-15—Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract (a consensus of the FASB Emerging Issues Task Force)
Update 2018-14—Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans
Update 2018-13—Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement
Update 2018-12—Financial Services—Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts
Update 2018-11—Leases (Topic 842): Targeted Improvements
Update 2018-10—Codification Improvements to Topic 842, Leases
Update 2018-09—Codification Improvements [Revised 07/18/18—Wording corrected in summary to reflect actual Codification wording.]
Update 2018-08—Not-For-Profit Entities (Topic 958): Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made
Update 2018-07—Compensation—Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting
Update 2018-06—Codification Improvements to Topic 942, Financial Services—Depository and Lending
Update 2018-05—Income Taxes (Topic 740): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118 (SEC Update)
Update 2018-04—Investments—Debt Securities (Topic 320) and Regulated Operations (Topic 980): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 117 and SEC Release No. 33-9273 (SEC Update)
Update 2018-03—Technical Corrections and Improvements to Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities
Update 2018-02—Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income
Update 2018-01—Leases (Topic 842): Land Easement Practical Expedient for Transition to Topic 842

Issued in 2017

Update No. 2017-15—Codification Improvements to Topic 995, U.S. Steamship Entities: Elimination of Topic 995
Update 2017-14—Income Statement—Reporting Comprehensive Income (Topic 220), Revenue Recognition (Topic 605), and Revenue from Contracts with Customers (Topic 606) (SEC Update)
Update 2017-13—Revenue Recognition (Topic 605), Revenue from Contracts with Customers (Topic 606), Leases (Topic 840), and Leases (Topic 842): Amendments to SEC Paragraphs Pursuant to the Staff Announcement at the July 20, 2017 EITF Meeting and Rescission of Prior SEC Staff Announcements and Observer Comments (SEC Update)
Update 2017-12 —Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities
Update 2017-11— I. Accounting for Certain Financial Instruments with Down Round Features II. Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with a Scope Exception
Update 2017-10—Service Concession Arrangements (Topic 853): Determining the Customer of the Operation Services (a consensus of the FASB Emerging Issues Task Force)
Update 2017-09—Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting

Update 2017-08—Receivables—Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities
Update 2017-07 —Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost
Update 2017-06—Plan Accounting: Defined Benefit Pension Plans (Topic 960), Defined Contribution Pension Plans (Topic 962), Health and Welfare Benefit Plans (Topic 965): Employee Benefit Plan Master Trust Reporting (a consensus of the Emerging Issues Task Force)
Update 2017-05—Other Income—Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets
Update 2017-04—Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment
Update 2017-03—Accounting Changes and Error Corrections (Topic 250) and Investments—Equity Method and Joint Ventures (Topic 323): Amendments to SEC Paragraphs Pursuant to Staff Announcements at the September 22, 2016 and November 17, 2016 EITF Meetings (SEC Update)
Update 2017-02—Not-for-Profit Entities—Consolidation (Subtopic 958-810): Clarifying When a Not-for-Profit Entity That Is a General Partner or a Limited Partner Should Consolidate a For-Profit Limited Partnership or Similar Entity
Update 2017-01—Business Combinations (Topic 805): Clarifying the Definition of a Business

Noticias - Noticias de la FASB