2023 Key US Regulatory Updates
Before the year ends, take note of key regulatory updates in the US that may affect your business, particularly those effective January 2024.
FASTalks
Revenue Recognition Crossroads: Principal versus Agent Evaluation
The surge in e-commerce necessitates clarifications on Principal vs. Agent roles. FASB’s ASU 2016-08 provides guidance in multi-party setups.
Customer Loyalty Programs: Achieving Success and Measuring Results
Attracting new customers drives expansion, but retention is key. In retail, Customer Loyalty Programs (CLPs) are essential.
Stay Ahead of the Curve: Exploring ASU 2023-02’s Revised Guidance on Accounting for Tax Equity Investments and its Impact on Tax Credit Recognition
The ASU 2023-02’s Revised Guidance on Accounting for Tax Equity Investments promotes consistency and comparability in financial statements.
Supplier Finance Programs: Optimizing Working Capital, Strengthening Relationships, and Ensuring Transparency (ASU 2022-04)
In today’s business landscape, managing working capital efficiently is vital. Extending payment terms can strain suppliers and harm buyer-supplier relationships. To address this, we need to fix our supplier finance programs. These programs foster collaboration between buyers, suppliers, and financial institutions to streamline payments and enhance liquidity management. By adhering to ASU 2022-04, we ensure transparency in financial reporting, paving the way for a more sustainable and productive supplier ecosystem.
LIBOR’s Endgame: Managing the Transition to Alternative Reference Rates
LIBOR ends due to rigging allegations; SOFR becomes alternative. Transition impacts companies, requiring contract updates and posing challenges in accounting and hedging. Extension granted till Dec 2024 for necessary preparations.