Rochester Institute of Technology

Lease Classification and Accounting

Rochester Institute of Technology adopted the Financial Accounting Standards Board (FASB) new accounting guidance on leases FASB Accounting Standards Codification Section 842 ("ASC 842") on July 1, ...
JD Supra

CMS to Begin Enforcing “Longstanding” Accounting Classification Rule for Crossover Bad Debts

Last week, CMS announced on its website that for cost reporting periods beginning on or after October 1, 2019, providers must comply with a so-called “longstanding” rule to claim reimbursement for ...
Accounting Today

FASB proposes changes on debt classification and inventory disclosures

The Financial Accounting Standards Board has issued a pair of proposed accounting standards updates on the classification of debt in a classified balance sheet (current versus noncurrent), and changes ...
JD Supra

Providing Clarity Around SEC Statement On SPAC Warrant Accounting

Many companies have been working to interpret the U.S. Securities and Exchange Commission’s (SEC) statement since its release in early April regarding the classification and accounting for warrants ...
Accounting Today

Casualties of Classification

IMGCAP(1)]The classification of workers as independent contractors or employees can be nebulous at best -- there is no bright-line test, but the consequences of misclassification, whether inadvertent ...
Risk

FRTB could hit syndicated loans, banks fear

Syndicated loans may fall foul of new accounting classifications that bucket them in dealers’ trading books – causing them to swallow punitive market risk capital charges for assets they argue belong ...