Covid, Supply Chain Issues to Top U.S., Global Accounting Talks

Nov. 12, 2020, 9:46 AM UTC

Coronavirus pandemic accounting challenges, the thorny topic of goodwill accounting, and what details companies should reveal about complex financing transactions will headline talks between U.S. and international accounting standard-setters when they meet on Nov. 19.

The U.S. Financial Accounting Standards Board and its global counterpart won’t make any decisions, but the discussions help them figure out next steps on major U.S. and international accounting projects. The boards meet annually.

In some cases, FASB and the International Accounting Standards Board are expected to air similar views. Both say they’re trying to help businesses and accountants with the challenges of the ...

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