Genuine Learning Blog: ASU 2021-10

By |2021-12-10T16:18:55-05:00December 10th, 2021|Auditing & Accounting, Educate|

FASB has issued ASU 2021-10, Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance. This much awaited ASU addresses disclosures for profit entities about the types of government [...]

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IRS Clarifies Accounting and Reporting of Forgiven PPP Loans and 7 more topics! Nichols’ Tax Update, Issue 21-47

By |2021-12-20T10:46:16-05:00December 10th, 2021|Educate, Regulatory, Tax|

Updates Near for Fixing Obsolete Professional Conduct Rules Treasury is reviewing draft revisions to Circular 230 that are said to provide changes for unenforceable provisions and clarify sections that [...]

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Genuine Learning Blog: Disclosure Framework— Proposed Changes to Interim Disclosure Requirements

By |2021-12-10T15:36:14-05:00December 7th, 2021|Auditing & Accounting, Educate|

The FASB has issued an exposure draft as part of its Disclosure Framework project to update the disclosure requirements for interim reporting. The proposal follows ASU 2018-13 and 2018-14 [...]

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