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The FASB wants your input [Video]

The FASB wants your input

HERE’S THE LINK IF YOU’D LIKE TO SUBMIT FEEDBACK TO THE FASB:
* https://www.fasb.org/jsp/FASB/Document_C/DocumentPage?cid=1176176828145&acceptedDisclaimer=true

The FASB published an Invitation to Comment (ITC) on June 24, 2021.

This means the FASB is seeking feedback from you, the public, about its future standard-setting agenda.

The FASB conducted an initial outreach in 2020, and people said they wanted 4 things:
• Greater disaggregation of financial reporting information
• Guidance for emerging topics
• Reduction of unnecessary complexity in GAAP
• Improvements to the standard-setting process

With respect to disaggregation, people asked for:
• A breakdown of COGS and SG&A to better understand a company’s cost structure
• A breakdown of income taxes
• A better understanding of how ESG-related disclosures would affect the financial statements

With respect to emerging areas in financial reporting, people asked the FASB to address:
• Definition of a derivative
• Digital assets (crypto)
• Want companies to be able to elect fair value, instead of cost minus impairments
• Intangible assets (software)
• Standardize non-GAAP metrics (EBITDA and FCF) to increase comparability
• How to account for ESG-related transactions (investments in renewable energy credits, carbon offsets, and emissions allowances)

The FASB wants to know:
• Which of these topics should be a priority
• Which topics have they missed
• What are solutions for each topic
• What are the costs and benefits of those solutions

Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD.
Edspira’s mission is to make a high-quality business education accessible to all people.

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Resources for Accountants

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Resources for Accountants

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Resources for Accountants

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Resources for Accountants

Cheap Car Insurance Renewal Cost ★ 2022 [Video]

Discover cheaper car insurance renewal cost. Here’s the free service we use to get cheaper car insurance (toll free): 1-855-981-7528. It’s a free by phone service that specializes in locating the cheapest car insurance rates. They perform the tedious task of shopping around, and present you with the cheapest auto insurance provider for your location. We call this service every year before our auto insurance expires. It allows us to discover whether there is a cheaper rate than ours, and has saved us lots of money over the years. Here are some of the topics covered in this video: How to get cheaper auto insurance rates online, get discounts and lower your policy cost, ways to lower vehicle insurance premium cost, which are the best car insurance companies and why Geico, National, Progressive, Allstate, Root, State farm, General, or farmers are not always the best bet. Why Dave Ramsey is not always right. Ways to get affordable drivers insurance quotes, how to locate the best cheap automobile insurer for a specific location. For more ways to save on your car insurance rates, see here: https://www.bizmove.com/auto-car-insurance/