13 Nov 2019 Keywords: Americas, US, Banking, Insurance, Securities, Accounting, Interest Rate Benchmark, Reference Rate Reform, GAAP, Topic 848, 5 Sep 2019 The FASB has issued a proposed Accounting Standards Update (ASU), Facilitation of the Effects of Reference Rate Reform on Financial 13 Sep 2019 to Reflect Reference Rate Reform FASB has proposed changes to the (ASU) 2019-770, Reference Rate Reform (Topic 848): Facilitation of 30 Sep 2019 Most contracts that use LIBOR as a reference rate contain fallback Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate 7 Oct 2019 2019-770, Reference Rate Reform (Topic 848) Facilitation of the Effects of Reference Rate Reform on Financial Reporting. The proposal would 13 Nov 2019 The National Working Group on Swiss Franc Reference Rates (NWG) of Accounting Standards Update, Reference Rate Reform (Topic 848):. 12 Mar 2020 optional guidance to help with the accounting for reference rate reform. subject to meeting certain criteria, that reference LIBOR or another
13 Nov 2019 Keywords: Americas, US, Banking, Insurance, Securities, Accounting, Interest Rate Benchmark, Reference Rate Reform, GAAP, Topic 848, 5 Sep 2019 The FASB has issued a proposed Accounting Standards Update (ASU), Facilitation of the Effects of Reference Rate Reform on Financial 13 Sep 2019 to Reflect Reference Rate Reform FASB has proposed changes to the (ASU) 2019-770, Reference Rate Reform (Topic 848): Facilitation of
Reference Rate Reform (Topic 848) Facilitation of the Effects of Reference Rate Reform on Financial Reporting Topic 848 website, emailing comments to The Board issued this Exposure Draft to solicit public comment on the addition of to the FASB Accounting Standards Codification®. Individuals can submit Proposed Accounting Standards Update—Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting By clicking on the ACCEPT button, you confirm that you have read and understand the FASB Website Terms and Conditions.
FASB addressed the accounting issues related to the transition in Accounting Standards Update No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. In March 2020 the Financial Accounting Standards Board (FASB) is expected to issue a set of optional relief in ASC 848 Reference Rate Reform. The guidance contains optional expedients that can be applied to debt contracts, receivables, leases, derivatives, and other contracts impacted by reference rate reform.
Reference Rate Reform (Topic 848) – Facilitation of the Effects of Reference Rate Reform on Financial Reporting. We support the Board’s efforts to respond to stakeholder concerns about accounting for contract modifications and changes in hedge accounting due to reference rate reform. We believe the