Archive | February 2012
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Companies will be required to disclose additional information about financial instruments that have been, or may be, eligible for offsetting in the financial statements under guidance released by the Financial Accounting Standards Board (FASB) in Accounting Standards Update (ASU) 2011-11 Disclosures about Offsetting Assets and Liabilities. The ASU is a response to the differences in […]
Companies may soon have more flexibility in testing for impairment of indefinite-lived intangible assets, if changes exposed for comment by the FASB in January 2012 are adopted as proposed. This new proposal follows closely on the heels of guidance recently released for impairment tests of goodwill, and there are similarities in both the objectives and […]
In our latest MHM Messenger you will find the background, issues and concerns related to the FASB’s deferred reporting requirements for OCI. The FASB has said it plans to re-address the requirements for reporting these reclassification adjustments in 2012. MHM Messenger 3-12: Partial Deferral of OCI Requirements What is the MHM Messenger? The MHM Messenger […]
We’re proud to announce some changes in technical and leadership roles here at Mayer Hoffman McCann. It is a true testament to the quality of our people. In brief: Bruce Murphy is a new Board appointee. Michelle Spriggs has joined the Professional Standards Group. Hal Hunt is now the National Employee Benefits Plan (EBP) Audit […]