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November 14, 2018 Article 1 min read
Download our third quarter update for an overview of important activities for private companies.

Business people meeting. 

This update provides a summary of some of the more important third quarter 2018 accounting and financial reporting activities for private companies. The content is not meant to be all-inclusive.

Topics include:

  • Accounting Guidance Issued in Third Quarter 2018
    • Codification Improvements
    • Codification Improvements to Topic 842 – Leases
    • Targeted Improvements – Leases
    • Targeted Improvements to Accounting for Long-Duration Contracts Issues by Insurance Companies
    • Changes to Disclosure Requirements for Fair Value Measurement
    • Changes to Disclosure Requirements for Defined Benefit Plans
    • Guidance on Cloud Computing Arrangements Amended
  • FASB Conceptual Framework
  • New Revenue Recognition Rules – Effective Calendar Year 2019
  • New Lease Standard – Effective Calendar Year 2020
  • Measurement of Credit Losses on Financial Instruments
  • Standards Issued in 2018
  • Standards Issued in Prior Years Effective 2018 or After