At Insero, we make it our business to stay abreast of the latest trends and technical updates in accounting, tax, and audit and we understand how important timely updates are to our clients. As a member of the McGladrey Alliance, we also have the benefit of access to the resources and subject matter experts of RSM US LLP (formerly known as McGladrey LLP). This includes regular updates on the latest financial reporting insights. We hope that you find these informative and useful, and invite you to reach out to us if you have any questions.

Financial instruments: In-depth analysis of new standard on credit losses
Our white paper provides answers to key questions regarding the FASB’s new standard on credit losses.
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Status of FASB’s project on hedge accounting
Our summary discusses the FASB’s ongoing efforts to simplify hedge accounting.
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Proposal: Consolidation of for-profit limited partnership by not-for-profit entity
To clarify, the consolidation guidance for not-for-profit entities, the FASB recently issued a proposed ASU.
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Proposed presentation of items in a financial statement
A recent exposure draft describes proposed concepts related to how recognized items should be presented in a financial statement.
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Source: RSM US LLP
Used with permission as a member of the McGladrey Alliance
http://rsmus.com/our-insights/newsletters/financial-reporting-insights.html

As always, we hope you enjoy this edition of our newsletter and we look forward to receiving your feedback. Should you have any questions regarding the information contained in the attached materials or our service offerings, please contact us directly.