The full text of ASC 350, Intangibles — Goodwill and Other, can be found in the FASB Accounting Standards Codification (link to the FASB's Web site; registration required). Also, the full text of the Codification and Deloitte-authored Q&As related to the Codification are available in the Deloitte.

• Asc 350 40 Pdf
• What Is Asc 350 40
• Accounting Standards Codification (asc) 350-40 Internal-use Software

Latest accounting and regulatory developments

Applying the principles established in the Accounting Standards Codification 350-40. Provisions of the ASC 835. Asset capitalization of internal use software. An overview of FASB Accounting Standards Codification Topic 350, Intangibles — Goodwill and Other. 350-40 Internal-Use Software. ASC 350-40 notes the following.

Periodic newsletters that analyze important accounting developments, such as new FASB and IASB pronouncements or exposure drafts. Concise examples and answers to frequently asked questions assist readers in understanding and implementing the critical guidance.

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Critical audit matters make their debut!

August 30, 2019

This issue discusses the critical audit matters (CAMs) that were communicated in auditors’ reports for all large accelerated filers with fiscal years ending June 30, 2019. The CAMs most often identified were related to goodwill and intangible assets, revenue, and income taxes.

SEC proposes modernizing certain Regulation S-K disclosure requirements

August 20, 2019

This issue discusses an SEC proposed rule that would modernize the disclosure requirements in Regulation S-K, Item 101, “Description of Business”; Item 103, “Legal Proceedings”; and Item 105, “Risk Factors.” Comments on the proposed rule are due 60 days after its publication in the Federal Register. Skisploit v3 download.

FASB proposes simplifications to the issuer’s accounting for convertible instruments and contracts on an entity’s own equity

August 8, 2019

This issue discusses the FASB’s recently issued proposed Accounting Standards Update (ASU) that would simplify the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts on an entity’s own equity. The proposed ASU is part of the FASB’s simplification initiative, which aims to reduce unnecessary complexity in U.S. GAAP.

SEC staff issues statement on LIBOR transition

August 6, 2019

This issue discusses the SEC staff’s recently issued statement on the expected discontinuation of the use of the London Interbank Offered Rate (LIBOR) as a benchmark or reference rate in contracts such as derivatives and how the transition from LIBOR may significantly affect financial markets and market participants (including public companies, investment companies and advisers, and broker-dealers).

FASB tentatively changes effective dates for new accounting standards

July 18, 2019

This issue discusses the FASB’s recent tentative decisions to change the manner in which it staggers effective dates for major standards and to amend the effective dates in some of its recently issued or amended major accounting standards to give implementation relief to certain types of entities.

Asc 350 40 Pdf

Recent newsletters

What Is Asc 350 40

• Reasonably certain of your lease disclosures? Observations on first-quarter filings (July 1, 2019)
• FASB issues proposal to improve credit losses standard (June 28, 2019)
• FASB extends certain private-company accounting alternatives to not-for-profit entities (June 12, 2019)
• FASB proposes simplifications to accounting for income taxes (May 29, 2019)
• FASB issues targeted transition relief for entities adopting ASU 2016-13 (May 15, 2019)
  
• SEC proposes to ease qualifications for non-accelerated filer status (May 14, 2019)
• SEC proposes improvements to disclosures for business acquisitions and dispositions (May 9, 2019)
• FASB issues narrow financial instrument accounting updates (May 7, 2019)
• FASB proposes changes to income tax disclosure requirements (March 29, 2019)
• The new revenue standard — A look at SEC feedback in year 1 (March 28, 2019)
• SEC simplifies and modernizes certain Regulation S-K requirements (March 25, 2019)
• FASB issues proposed ASU to address the accounting for share-based payments issued as sales incentives to customers (March 5, 2019)
  
• FASB proposes to ease transition to the credit losses standard (February 11, 2019)

Accounting Standards Codification (asc) 350-40 Internal-use Software

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