The Financial Accounting Standards Board (FASB) has published the following Proposed Accounting Standards Updates for public comment: 1) Investments—Equity Securities (Topic 321), Investments—Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815): Clarifying the Interactions between Topic 321, Topic 323, and Topic 815 and the related release notes. The proposed taxonomy improvements include adding an […more]
In this issue:
- Special report: Adopting the new lease accounting standard.
- Using Calcbench to measure China exposure.
- Lease accounting up close: Chipotle Mexican Grill.
- And more lease accounting: the Comcast example.
- Downshifting in the trucking world.
SEC filers, investors, XBRL providers encouraged to comment, and to use approved Ruleset 9 The XBRL US Data Quality Committee (DQC) has published its 10th Ruleset for a 45-day public review and comment period, which closes on September 16, 2019. DQC rules are developed to aid issuers in preparing consistent, error-free financials, by providing automated […more]
The Securities and Exchange Commission’ Fixed Income Market Structure Advisory Committee held a meeting on July 29, 2019 during which municipal issuer disclosures was addressed, among other topics. XBRL US submitted a comment letter to the Committee, recommending the use of data standards to increase transparency and improve efficiencies in the municipal securities markets. Highlights […more]
FASB Chairman Russ Golden to keynote XBRL US Investor Forum.
Topics to be covered include blockchain, artificial intelligence, new reporting domains like municipal securities reporting, and more.
Posted this month: SEC Announces August 13 Meeting of Small Business Capital Formation Advisory Committee SEC Staff to Host Roundtable on Management of Public Companies and Other Regulatory Requirements SEC Announces Upcoming Events for Main Street Investors in Boston SEC Adopts Amendments to Improve the Application of the Auditor Independence Rules
The CFA Institute published results from a survey of 160,000 investment professionals on whether quarterly reporting was too short a reporting internal. Results show no support. Excerpt from the blog: “There has long been a debate as to whether quarterly reporting is the appropriate interval. Is it too short? And does this time between reports […more]
S.P. Kothari, Chief Economist and Director, Division of Economic and Risk Analysis, at the Securities and Exchange Commission gave a speech on July 13 at the National Bureau of Economic Research (NBER) conference on big data and high-performance computing, where he referenced the value of structured data and the Legal Entity Identifier. Highlights from his […more]
In this issue:
- Popping the lid on Smuckers’ goodwill.
- Not much fizz in LaCroix.
- Tax reform and Casey’s General Stores.
- Calcbench data figures into a recent LeaseAccelerator report
Marc Joffe, Senior Research Analyst at the Reason Foundation, and Chair, XBRL US State & Local Government Working Group, authored an article published by the Sunlight Foundation, where he noted: “In May, the California State Senate passed SB 598, the Open Financial Statements Act. The vote was an important milestone on the way toward opening up […more]