This archive contains links to past issues of Heads Up, our publication of recent U.S. developments in the field of accounting. In each issue, you will find short topic summaries followed by links to more detailed information.

For more news and updates, read the current issue of Heads Up.

Heads Up Archive

Vol. 15, Issue 32

• Heads Up:  A Common Denominator — FASB and IASB Issue Exposure Documents on Earnings per Share

Vol. 15, Issue 31

• Heads Up:  SEC Holds Fourth Roundtable on IFRSs

Vol. 15, Issue 30

• Heads Up:  SEC Advisory Committee Releases Final Report

Vol. 15, Issue 29

• Heads Up:  GASB Issues Statement on Derivative Instruments

Vol. 15, Issue 28

• Heads Up:  How Long Can We Ride Two Horses FASB Forum on High-Quality Global Accounting Standards: Issues and Implications for U.S. Financial Reporting

Vol. 15, Issue 27

• Heads Up:  Mind Your V(IE)s and Qs — FASB Decides to Eliminate QSPEs and Modify the Consolidation Model in Interpretation 46(R)

Vol. 15, Issue 26

• Heads Up:  Building a Framework — FASB and IASB Provide Preliminary Views

Vol. 15, Issue 25

• Heads Up:  To Participate or Not to Participate — That Is the Question - FASB Concludes That Certain Unvested Share-Based Payment Awards Are Participating Securities

Vol. 15, Issue 24

• Heads Up:  Something to Talk About — SEC Staff Explains the Filing Review and Comment Letter Process

Vol. 15, Issue 23

• Heads Up:  FASB Trims Hedging Requirements — Changes Proposed to Accounting for Hedging Activities

Vol. 15, Issue 22

• Heads Up:  FASB Proposes Expanding Contingencies Disclosure

Vol. 15, Issue 21

• Heads Up:  A Tale of Two Standards — FASB Clarifies and Amends Consolidation and Equity Method Guidance for Not-for-Profit Organizations

Vol. 15, Issue 20

• Heads Up:  Great "X"pectations — SEC Proposes Mandating XBRL Use to Make Financial Data Interactive

Vol. 15, Issue 19

• Heads Up:  FASB Proposes Enhancements to Credit Derivative and Financial Guarantee Disclosures

Vol. 15, Issue 18

• Heads Up:  Regulations Committee and SEC Staff Hold First Meeting of 2008

Vol. 15, Issue 17

• Heads Up:  Top Down on Convertibles? FASB Tightens Convertible Debt Accounting for Issuers

Vol. 15, Issue 16

• Heads Up:  Valuation Resource Group Discusses Four New Topics and Status of Prior Issues at May 8, 2008, Meeting

Vol. 15, Issue 15

• Heads Up:  The Latest From the PCAOB

Vol. 15, Issue 14

• Heads Up:  FASB Issues Guidance on Intangible Assets Subject to Renewal or Extension

Vol. 15, Issue 13

• Heads Up:  FASB Issues FSP Affecting Companies Emerging From Bankruptcy

Vol. 15, Issue 12

• Heads Up:  Making the Complex Less Complex — FASB Invites Comments on IASB’s Financial Instruments Discussion Paper

Vol. 15, Issue 11

• Heads Up:  FASB Expands Disclosures About Derivative Instruments and Hedging Activities

Vol. 15, Issue 10

• Heads Up:  FASB Proposes New Disclosures for Defined Benefit Plans

Vol. 15, Issue 9

• Heads Up:  Less Is More — FASB Reduces Board Members From Seven to Five

Vol. 15, Issue 8

• Heads Up:  The Missing Link — Repurchase Financing Transactions May Be Derivatives Under FASB’s New FSP

Vol. 15, Issue 7

• Heads Up:  Valuation Resource Group Discusses Six Topics at February 1, 2008, Meeting

Vol. 15, Issue 6

• Heads Up:  DeCIFiRing Complexity — SEC Advisory Committee Releases Progress Report

Vol. 15, Issue 5

• Heads Up:  FASB Partially Defers and Limits Scope of Statement on Fair Value Measurements

Vol. 15, Issue 4

• Heads Up:  FASB Issues FSP on Deferral of Interpretation 48

Vol. 15, Issue 3

• Heads Up:  Tax Accrual Workpapers — Caught Between a Rock and a Hard Place

Vol. 15, Issue 2

• Heads Up:  FASB Releases U.S. GAAP Codification for Verification

Vol. 15, Issue 1

• Heads Up:  FASB Clarifies Application of the Shortcut Method

Vol. 14, Issue 29

• Heads Up:  FASB Proposes to Narrow Definition of Equity — Preferred Stock and Equity Derivatives Would Be Excluded

Vol. 14, Issue 28

• Heads Up: Highlights of the 2007 AICPA National Conference on Current SEC and PCAOB Developments

Vol. 14, Issue 27

• Heads Up: SEC Holds Roundtables on IFRSs

Vol. 14, Issue 26

• Heads Up: Major Changes to Business Combination Accounting as FASB and IASB Substantially Converge Standards

Vol. 14, Issue 25

• Heads Up: XBRL U.S. GAAP Taxonomy Made Available for Public Comment

Vol. 14, Issue 24

• Heads Up: SEC Removes Reconciliation Requirement, Approves Smaller Public Company Rules

Vol. 14, Issue 23

• Heads Up: SEC Regulations Committee and SEC Staff Hold Third Meeting of 2007

Vol. 14, Issue 22

• Heads Up: Draft Guidance for Auditors of Smaller Public Companies

Vol. 14, Issue 21

• Heads Up: ESOARS Take Off: SEC OKs Use of a Surrogate to Value Employee Share Options

Vol. 14, Issue 20

• Heads Up: SEC Feedback on Executive Compensation Disclosures: "Where's the Analysis?"

Vol. 14, Issue 19

• Heads Up: FASB's Proposed Changes to Convertible Debt Accounting Would Have Big Impact

Vol. 14, Issue 18

• Heads Up: SEC Staff Issues Comment Letters on Executive Compensation Disclosures

Vol. 14, Issue 17

• Heads Up: Accounting Consequences of Subprime Loan Modifications

Vol. 14, Issue 16

• Heads Up: The Shift Toward International Financial Reporting Standards (IFRS) and Its Impact on U.S. Companies

Vol. 14, Issue 15

• Heads Up: Securities and Exchange Commission (SEC) Regulations Committee and SEC Staff Hold Second Meeting of 2007

Vol. 14, Issue 14

• Heads Up: SEC Provides Further Relief for Smaller Public Companies

Vol. 14, Issue 13

• Heads Up: SEC Proposes Easing Requirements for Foreign Filings

Vol. 14, Issue 12

• Heads Up: SEC Tackles a Wide Range of Topics

Vol. 14, Issue 11

• Heads Up: A Defining Moment for Investor Companies: American Institute of Certified Public Accountants (AICPA) Issues Statement of Position (SOP) 07-1

Vol. 14, Issue 10

• Heads Up: SEC and Public Company Accounting Oversight Board (PCAOB) Approve New Section 404 Guidance: No Additional Delay for Nonaccelerated Filers

Vol. 14, Issue 9

• Heads Up: Expected SEC Actions Will Increase Relevance of IFRS in the United States.

Vol. 14, Issue 8

• Heads Up: SEC Regulations Committee and SEC Staff Hold First Meeting of 2007

Vol. 14, Issue 7

• Financial Accounting Standards Board (FASB) Clarifies Interpretation No. 48

Vol. 14, Issue 6

• SEC Discusses Improvements to Section 404 of the Sarbanes-Oxley Act

Vol. 14, Issue 5

• Using the Critical-Terms-Match Method for Evaluating Hedges

Vol. 14, Issue 4

• The FASB Allows a Fair Value Option for Most Financial Assets and Liabilities

Vol. 14, Issue 3

• SEC Views on Design of Market-Based Employee Stock Option Valuation Model

Vol. 14, Issue 2

• SEC Discusses Ramifications of Matching Critical Terms in Hedge Strategies; Leading Practices for Managing Unresolved SEC Comment Letters

Vol. 14, Issue 1

• SEC and PCAOB Update

Vol. 13, Issue 17

• Highlights of the AICPA National Conference on Current SEC and PCAOB Developments

Vol. 13, Issue 16

• PCAOB Issues Staff Guidance on Auditing Fair Value of Share Options

Vol. 13, Issue 15

• AICPA SEC Regulations Committee and SEC Staff Hold Third Meeting of 2006

Vol. 13, Issue 14

• Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans

Vol. 13, Issue 13

• SEC Staff’s Views on Option Backdating and Grant Practices

Vol. 13, Issue 12

• FASB Issues Standard on Measuring Fair Value

Vol. 13, Issue 11

• SEC Issues Staff Accounting Bulletin No. 108 on Quantifying Misstatements

Vol. 13, Issue 10

• SEC Finalizes Executive Compensation Disclosures, Proposes Extension of 404 for Nonaccelerated and Finalizes Extension of 404 for Certain Foreign Private Issuers (FPIs)

Vol. 13, Issue 9

• Option Backdating Prompts PCAOB to Issue Staff Audit Practice Alert No. 1

Vol. 13, Issue 8

• FASB and International Accounting Standards Board (IASB) Jointly Issue Preliminary Views Documents on Conceptual Framework for Financial Reporting

Vol. 13, Issue 7

• FASB Interpretation No. 48 on Uncertainty in Income Taxes

Vol. 13, Issue 6

• FASB Issues Invitation to Comment on Bifurcating Insurance Contracts

Vol. 13, Issue 5

• Standard Setters Seek Constituent Views on Recently Issued Proposals

Vol. 13, Issue 4

• FASB Staff Position (FSP) Emphasizes Entity Design in Accounting Under Interpretation 46(R)

Vol. 13, Issue 3

• FASB Amends Employers’ Accounting for Pensions and Other Postretirement Benefits

Vol. 13, Issue 2

• FASB Amends Guidance on Servicing of Financial Assets

Vol. 13, Issue 1

• FASB Simplifies Accounting for Hybrid Financial Instruments: To B(ifurcate) or Not To B – That Is Your Option

Vol. 12, Issue 13

• More Highlights of the AICPA's December 5–7, 2005, SEC & PCOAB Conference

Vol. 12, Issue 12

• Accounting Highlights of the AICPA’s December 5–7, 2005, SEC & PCAOB Conference

Vol. 12, Issue 11

• The Impairment Debate: Other-Than-Temporarily Resolved Decision Reached on the Meaning of Other-Than-Temporary Impairment and Its Application to Certain Investments 

Vol. 12, Issue 10

• Revised FASB Standard on Fair Value Measurements and Proposed FSP Postpones Profit and Loss (P&L) for Certain Derivative Transactions

Vol. 12, Issue 9

• Proposed Entity Design Under Interpretation 46(R) and Proposed Amendment to Statement 128

Vol. 12, Issue 8

• FASB Proposes Three Amendments to Statement 140

Vol. 12, Issue 7

• Emerging Issues Task Force (EITF) Clarifies Rules for General Partner Consolidation of Limited Partnerships 

Vol. 12, Issue 6

• Uncertain Tax Positions – FASB Proposes an Interpretation of Statement 109

Vol. 12, Issue 5

• Construction Ahead: Use Caution When Merging – FASB Issues Exposure Drafts in Phase II of Its Business Combinations Project

Vol. 12, Issue 4

• SEC Staff Issues Report to President and Congress

Vol. 12, Issue 3

• SEC Staff Accounting Bulletin No. 107, Share-Based Payment

Vol. 12, Issue 2

• FASB Interprets Accounting for Conditional Asset Retirement Obligations

Vol. 12, Issue 1

• SEC Clarification of Statement 13 Lease Accounting Issues Leads to Restatements

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