• Fund balance and other financial policies

    Board members will receive an overview of key financial policies including fund balance policy during this Baker Tilly board governance series podcast for local and state governmental organizations.
  • CECL: The banking standard that is not just for banks

    The FASB’s new credit losses accounting standard is considered the biggest change to bank accounting in decades. But it does not just apply to banks. In addition to a variety of financial assets, the new standard applies to trade receivables, which could take some businesses by surprise.
  • Deliberations continue on segment reporting

    The FASB discussed its ongoing project to improve how companies provide information around business segments. Board members urged staff to reach out to more investors on what segment data they would like to see disclosed.
  • Convertible instrument disclosure improvements receive backing

    The FASB backed a series of improvements to convertible instrument disclosures, including the format in which that information can be presented to investors. The board stopped short of requiring those disclosures to be presented in a tabular format, and instead backed an option in which issuers could use either a tabular or narrative disclosure.