Articles

COVID-19 Relief Bill – An Update Focused on PPP and ERC

Introduction

The COVID-19 relief bill being debated since July in Congress was finally signed into law on December 27, 2020, as part of a broader Consolidated Appropriations Act, 2021. The new relief package ($900 billion) is intended to extend and modify certain provisions in the CARES Act ($2.2 trillion) enacted in March 2020. Together with the provisions in the CARES Act, this relief package is the largest provided by the US government in its history (e.g., the fiscal stimulus for the 2008 financial crisis was $700 billion) and is aimed largely at assisting US businesses and workers still suffering from the COVID-19 led economic hardship. The relief package is expected to stimulate the US economy during the first half of 2021.

FASB Flash Report (November 18, 2019)

Summary: On November 15, 2019, the FASB issued ASU 2019-09, Financial Services—Insurance (Topic 944) and 2019-10, Financial Instruments—Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842), to extend the deadline to implement FASB standards on current expected credit losses (CECL), leases, hedging, and insurance that are not yet effective for some or all companies.

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Recent Updates on the New Leases Accounting Standards (Japanese text only)

本稿では最近続けて公表されている新リース会計の改訂について取り上げます。 (more…)

2018 Q3 Q4 Significant Accounting Updates (Japanese Text Only)

2018年後半も数多くの会計基準がアップデートされました。本稿ではその中でも特に日系会社にとって関係のありそうなものについて取り上げていきます。

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US Accounting Standards Update – Lease Accounting (Japanese Text Only)

2016年2月25日に米国財務会計基準審議会（Financial Accounting Standards Board: FASB）がリース会計の新基準 (ASU 2016-02) を公表しました。 (more…)

US Accounting Standards Update – (2 of 2) (Japanese Text Only)

FASB ASC 606 Revenue from Contracts with Customers

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US Accounting Standards Update – (1 of 2) (Japanese Text Only)

FASB ASC 606 Revenue from Contracts with Customers

■概要

米国会計基準審議会(FASB)及び国際会計基準審議会(IASB)は、2014年5月に両会計基準のコンバージェンスの一環として新たな収益認識の基準をそれぞれ発行しました。それにより米国会計基準及び国際会計基準における収益認識に関する規定が、それぞれ発行された新たな基準に置き換えられることになります。 (more…)