Daily Archives: November 15, 2019

News / Updates

새로운 회계기준 적용일정 연장

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지난 8월 15일에, KYJ에서는 미국 재무 회계 기준 위원회 (“FASB”)에서 새롭게 도입하는 두 양동이 (two bucket) 접근법 및 회계기준 적용일전 연장에 대한 가능성에 대한 내용을 소개한 바가 있다. 두 양동이 접근법 및 회계기준 업데이트 제안에 대한 내용은 다음에서 확인할 수 있다. KYJ 뉴스: 새로운 회계기준 적용일정 연장의 가능성

11월 15일, FASB는 위의 내용을 소개한 회계기준 업데이트 제안에 대해 검토 및 의견을 수렴한 뒤, 공식 회계기준 업데이트(“ASU 2019-10”)를 발표하였다. 이에 따라, 회계기준의 적용 일정은 다음과 같이 변경된다:

Topic Bucket 1 Bucket 2 Early Adoption
Financial Instruments – Credit Losses (Topic 326) Fiscal years beginning after 12/15/2019 이 후 시작되는 회계연도, including interim periods within those fiscal years Fiscal years beginning after 12/15/2022, including interim periods within those fiscal years Permitted (for fiscal years beginning after 12/15/18 including interim periods within those fiscal years)
Derivatives and Hedging (Topic 815) Fiscal years beginning after 12/15/2018, including interim periods within those fiscal years Fiscal years beginning after 12/15/2019, including interim periods within fiscal years beginning after 12/15/2020 Permitted
Leases (Topic 842) Fiscal years beginning after 12/15/2018, including interim periods within those

fiscal years

 Fiscal years beginning after 12/15/2019, and interim periods within fiscal years beginning after 12/15/2020 Permitted

 

자세한 내용은 ASU 2019-10에서 확인 할 수 있다.

News / Updates

FASB Officially Delays New Standards

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We previously issued a news article on proposed Accounting Standards Update (the “Proposed ASU”) which introduced two buckets approach and on potential delay of certain new accounting standards. For more details on the FASB’s new philosophy of two-bucket approach and the proposed ASU, see our news article published on august 15, 2019 here .

On November 15, 2019, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update 2019-10 (“ASU 2019-10”) which extends effective dates of the certain new accounting standards. Updated schedule is as follows:

Topic Bucket 1 Bucket 2 Early Adoption
Financial Instruments – Credit Losses (Topic 326) Fiscal years beginning after 12/15/2019, including interim periods within those fiscal years Fiscal years beginning after 12/15/2022, including interim periods within those fiscal years Permitted (for fiscal years beginning after 12/15/18 including interim periods within those fiscal years)
Derivatives and Hedging (Topic 815) Fiscal years beginning after 12/15/2018, including interim periods within those fiscal years Fiscal years beginning after 12/15/2019, including interim periods within fiscal years beginning after 12/15/2020 Permitted
Leases (Topic 842) Fiscal years beginning after 12/15/2018, including interim periods within those

fiscal years

 Fiscal years beginning after 12/15/2019, and interim periods within fiscal years beginning after 12/15/2020 Permitted

For more details, please see the ASU 2019-10.