March 2022
Intermediate to advanced
1424 pages
50h 59m
English
Content preview from Wiley Practitioner's Guide to GAAP 2022
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
58ASC 848 REFERENCE RATE REFORM
TECHNICAL ALERT
ASU 2020‐04
In March 2020, the FASB issued ASU 2020‐04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform. The ASU was issued in response to concerns about structural risks of the interbank offered rates and the risks of cessation of LIBOR and is designed to provide relief from the potential accounting burden when transitioning from reference rates, like LIBOR, that may be discontinued. FASB stakeholders raised concerns about contract modifications, hedge accounting, and the volume of contracts, such as debt agreements, leases, and derivatives.
Guidance If certain criteria are met, the ASU's changes offer optional expedients and exceptions for applying the Codification to the contract, hedging relationships, and other matters. ASC 848 is unique in that the guidance sunsets in 2022. When certain benchmark rates are discontinued, contracts will be modified. The optional expedients and exceptions can be applied to contract modifications and hedging relationships ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access
More than 5,000 organizations count on O’Reilly
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.