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Últimos Pronunciamientos de la FASB

FASB ACCOUNTING STANDARDS UPDATES

Issued in 2025

Update 2025-12 - Codification Improvements. The Board has a standing project to address suggestions received from stakeholders on the Accounting Standards Codification and to make other incremental improvements to generally accepted accounting principles (GAAP). This evergreen project facilitates Codification updates for a broad range of Topics arising from technical corrections, unintended application of the Codification, clarifications, and other minor improvements. The resulting amendments are collectively referred to as Codification improvements. The Board decided that the types of issues that it will consider through this project are improvements that are not expected to have a significant effect on current accounting practice or result in significant costs to most entities.

Update 2025-11 - Interim Reporting (Topic 270). Narrow-Scope Improvements. The Board is issuing the amendments in this Update to improve the guidance in Topic 270, Interim Reporting, by improving the navigability of the required interim disclosures and clarifying when that guidance is applicable. The amendments also provide additional guidance on what disclosures should be provided in interim reporting periods. 

Update 2025-10 -  Government Grants (Topic 832).  The FASB is issuing this Update to improve generally accepted accounting principles (GAAP) by establishing authoritative guidance on the accounting for government grants received by business entities. GAAP does not provide specific authoritative guidance about the recognition, measurement, and presentation of a grant received by a business entity from a government. In the absence of specific guidance, many business entities analogize to the guidance in International Accounting Standard (IAS) 20, Accounting for Government Grants and Disclosure of Government Assistance, or, less commonly, the guidance in Topic 450, Contingencies, and Subtopic 958-605, Not-for-Profit Entities—Revenue Recognition.

Update 2025-09 - Derivatives and Hedging (Topic 815). The FASB is issuing this Update to clarify certain aspects of the guidance on hedge accounting and to address several incremental hedge accounting issues arising from the global reference rate reform initiative.

Update 2025-08 - Financial Instruments—Credit Losses (Topic 326). The Board has monitored and assisted stakeholders with the implementation of Accounting Standards Update No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, since its issuance. As part of the post-implementation review (PIR) process, stakeholders highlighted concerns about the accounting for acquired financial assets. Under current generally accepted accounting principles (GAAP), financial assets acquired through (1) a business combination, (2) an asset acquisition, and (3) the consolidation of a variable interest entity that is not a business are initially recorded at fair value, and an allowance for expected credit losses (ACL or allowance) is separately recognized in accordance with Topic 326. 

Update 2025-07 - Derivatives and Hedging (Topic 815) and Revenue from Contracts with Customers (Topic 606). The Board is issuing this Update to address stakeholders’ concerns about (1) the application of derivative accounting to contracts with features based on the operations or activities of one of the parties to the contract and (2) the diversity in accounting for share-based noncash consideration from a customer that is consideration for the transfer of goods or services. The amendments are expected to (a) reduce the cost and complexity of evaluating whether contracts with features based on the operations or activities of one of the parties to the contract are derivatives, (b) better portray the economics of those contracts in the financial statements, and (c) reduce diversity in practice resulting from the broad application of the current guidance and changing business environment. The amendments also are expected to reduce diversity in practice by clarifying the applicability of Topic 606, Revenue from Contracts with Customers, to share-based noncash consideration from a customer for the transfer of goods or services.

Update 2025-06 - Intangibles—Goodwill and Other— Internal-Use Software (Subtopic 350-40). The Board is issuing this Update to modernize the accounting for software costs that are accounted for under Subtopic 350-40, Intangibles—Goodwill and Other—Internal-Use Software (referred to as “internal-use software”). Feedback from preparer and practitioner stakeholders on the 2021 FASB Invitation to Comment, Agenda Consultation, indicated that the accounting for software costs should be a top priority for the Board. Those stakeholders encouraged the Board to better align the accounting with how software is developed because the current guidance is outdated and lacks relevance given the evolution of software development. Specifically, many entities have shifted from using a prescriptive and sequential development method (for example, waterfall) to using an incremental and iterative development method (for example, agile). Stakeholders stated that the current internal-use software accounting requirements do not specifically address software developed using an incremental and iterative method. As a result, stakeholders stated that there are challenges in determining when to begin capitalizing internal-use software costs.

Update 2025-05 - Financial Instruments—Credit Losses (Topic 326). The Board is issuing this Update to address challenges encountered when applying the guidance in Topic 326, Financial Instruments—Credit Losses, to current accounts receivable and current contract assets arising from transactions accounted for under Topic 606, Revenue from Contracts with Customers. The Private Company Council (PCC) initiated this project in response to concerns raised by private company stakeholders. Stakeholders indicated that identifying, analyzing, and documenting macroeconomic data (such as unemployment rates and property values, among others) as part of developing reasonable and supportable forecasts when estimating expected credit losses for these balances under Subtopic 326-20, Financial Instruments—Credit Losses—Measured at Amortized Cost, can be costly and complex and generally does not have a material effect on the estimate of expected credit losses for short-term assets.

Update 2025-04 - Compensation—Stock Compensation (Topic 718) and Revenue from Contracts with Customers (Topic 606). The Board is issuing this Update to reduce diversity in practice and improve the decision usefulness and operability of the guidance for share-based consideration payable to a customer in conjunction with selling goods or services. Some entities offer to provide consideration to a customer (or to other parties that purchase the entity’s goods or services from the customer) to incentivize the customer (or its customers) to purchase goods and services. Although consideration payable to a customer often takes the form of cash or credit that can be applied against amounts owed to the entity, it also can take the form of equity instruments (or other types of share-based consideration) such as warrants. When share-based consideration is granted to a customer (a grantee), it often vests upon the grantee purchasing a specified volume or monetary amount of goods and services from the grantor.

Update 2025-03 - Business Combinations (Topic 805) and Consolidation (Topic 810). The Board is issuing this Update to improve the requirements for identifying the accounting acquirer in Topic 805, Business Combinations. In a business combination, the determination of the accounting acquirer and acquiree can significantly affect the carrying amounts of the combined entity’s assets and liabilities, which, in turn, can affect postcombination net income. The accounting acquiree’s assets and liabilities are generally required to be initially measured at fair value, subject to specific exceptions in Topic 805. By contrast, the accounting acquirer’s existing assets and liabilities are not remeasured under the business combinations guidance.

Update 2025-02 - This Accounting Standards Update amends an SEC paragraph pursuant to the issuance of SEC Staff Accounting Bulletin No. 122.

Update 2025-01 - Income Statement: Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the effective date. The Board is issuing this Update to clarify the effective date of Accounting Standards Update No. 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. The Board issued Update 2024-03 on November 4, 2024. Update 2024-03 states that the amendments are effective for public business entities for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027.

Issued in 2024

Update 2024-03 - Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40). The Board is issuing this Update to improve the disclosures about a public business entity’s expenses and address requests from investors for more detailed information about the types of expenses (including purchases of inventory, employee compensation, depreciation, amortization, and depletion) in commonly presented expense captions (such as cost of sales, SG&A, and research and development).

Exposure Draft Importante: Intangibles, Fondo de Comercio y Otros, Software para Uso Interno (en idioma inglés).

El Board está emitiendo esta Propuesta de Actualización para modernizar la contabilidad de los costos de software que se contabilizan bajo el Subtema 350-40 Intangibles: Fondo de Comercio y Otros: Software de Uso Interno (denominados "software de uso interno") y para mejorar la transparencia de los flujos de efectivo de una entidad relacionados con los costos de software de uso interno.

De acuerdo con los PCGA actuales, se requiere que las entidades capitalicen los costos de desarrollo incurridos para el software de uso interno dependiendo de la naturaleza de los costos y de la etapa del proyecto durante la cual ocurren. Las partes interesadas han dicho que la aplicación de esa guía puede ser un desafío porque las entidades tienen problemas para diferenciar entre las etapas del proyecto, particularmente en un entorno de desarrollo iterativo. Las enmiendas de esta actualización mejorarían la operatividad de la guía al eliminar todas las referencias a las etapas del proyecto de desarrollo de software, de modo que la guía sea neutral para los diferentes métodos de desarrollo de software, incluidos los métodos que las entidades pueden utilizar para desarrollar software en el futuro.

Muchos inversores han señalado que la transparencia sobre los costos de software de una entidad podría mejorarse y, en ciertas circunstancias, la información adicional podría ser útil para tomar decisiones. Las enmiendas propuestas en esta Actualización mejorarían la transparencia para los inversionistas, prestamistas, acreedores y otros asignadores de capital (colectivamente "los inversionistas") al requerir que las entidades clasifiquen el efectivo pagado por los costos de software contabilizados bajo el Subtema 350-40 como flujos de efectivo de inversión en el estado de flujos de efectivo y que presenten esas salidas de efectivo por separado de otras salidas de efectivo.

Este material está en idioma inglés y puede ser obtenido utilizando este enlace.

Update 2024-03: Income Statement, Reporting Comprehensive Income—Expense Disaggregation Disclosures. Feedback from investors, lenders, creditors, and other allocators of capital (collectively, “investors”) on the 2021 FASB Invitation to Comment, Agenda Consultation, indicated that disclosure of disaggregated financial reporting information (in the income statement, the statement of cash flows, or the notes to financial statements) should be a top priority for the Board. 

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) 

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.

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:

1. Measure crypto assets at fair value, using the guidance in Topic 820, Fair Value Measurement.
2. Recognize increases and decreases in fair value in comprehensive income each reporting period.
3. 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:

1. Various measurement alternatives for crypto assets with inactive markets and decided not to pursue those alternatives.
2. 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.
3. 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 2020-02: 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