Credit losses on financial instruments: Are you an early adopter?
On June 16, 2016 the FASB issued the new accounting guidance in US GAAP related to measurement of credit losses for financial instruments titled Accounting Standards Updates 2016-13 – Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The FASB deferred the effective date for all entities and provided US GAAP reporting entities the ability to early adopt the standard. This Insights piece details some of the key considerations and factors with potential to impact a reporting entity’s decision to early adopt.
New guidance on recognition and measurement of financial instruments
The FASB recently issued guidance that will impact the recognition and measurement of equity investments, financial liabilities that a company has elected to measure at fair value, and disclosure requirements for financial instruments. This Insights piece reviews the key changes and explores some of the notable implementation considerations for impacted companies.
FSR Insights: Hedging considerations for 2016 and beyond
Reporting entities face many uncertainties in the markets in 2016 – including volatility in the equity markets, tightness in the credit markets, rising interest rates, and foreign currency and commodity volatility resulting from weak demand and uncertainty surrounding central bank policy. Companies are evaluating their risk management strategies, and this point of view paper explores some of the key considerations and our insights on hedging.
FSR Insights: Re-setting the standard for credit losses
Perspectives on what we know about the proposed Accounting Standards Update (“ASU”) related to the recognition and measurement of credit losses for certain financial instruments. What we don’t yet know about the proposed ASU, how different industry sectors might be impacted, and what you should be doing now to prepare for implementation.