This update covers the accounting standard-setter and regulatory activities that affect year-end financial reporting, as well as recent developments at the end of 2011. In 2011, the FASB and IASB continued their efforts to converge U.S. GAAP and IFRSs, making progress on their joint projects on: (1) financial instruments, (2) revenue recognition, (3) leasing, and (4) insurance contracts.
Accounting Standards & Communications
Top 2011 financial reporting developments
As you begin your company’s year-end financial reporting journey, our publications related to the top accounting and financial reporting developments for 2011 will serve as a helpful guide along the way. This past year, standard setters focused on topics such as leasing, revenue recognition, and financial instruments.
To help organizations stay informed about the latest developments within the accounting profession, we offer a variety of information resources on accounting standards, financial reporting, regulatory updates, and technical trends.
Featured insights
- Accounting Roundup: Year in Review – 2011
- Highlights of the 2011 AICPA National Conference on Current SEC and PCAOB Developments
- Update on FASB’s project on accounting for financial instruments
- FASB issues revised exposure draft on revenue recognition
- Accounting Roundup: Special Edition — The tides continue to change (updated November 2011)
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