Weekly Summary of Accounting, SEC and Auditing Developments: November 20-22, 2023
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ACCOUNTING AND SEC SUMMARIES:
Leases – New Edition of Lease Accounting Template for ASC 842 Published
We have published a new edition of our “Lease Accounting Template for ASC 842.” This edition includes updates for the most recent accounting guidance through June 30, 2023.
Joint Ventures – New Edition of Interpretations Published
We have published new editions of the following interpretations, which include Accounting Standard Updates issued through September 30, 2023:
Accounting for Suspended Equity Losses on Equity Method Investments;
Equity Method of Accounting vs. Fair Value or Cost Minus Impairment;
Gain or Loss Recognition on Exchange of an Equity Method Investment for an Investment That Does Not Qualify for the Equity Method; and
Equity Method Impairment When Investee's Balance Sheet Date Differs.
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