Adam Olsen and Matt Fisser are here to dish all of the post-Fourth of July accounting & finance news you need to know, including:

• FASB’s plans to improve ASC 350-40, requiring an entity to use more judgment to determine when to recognize software costs
• Progress on FASB’s project for disaggregation of income statement expenses
• Sneak peek at the AICPA’s update to their Valuation of Privately Held Company Equity Securities Issued as Compensation—aka the Cheap Stock Guide.
• Announced improvements to the SEC website
• New interpretive guidance from the SEC to clarify its recent cybersecurity rules
• IASB finalizing the revision of IFRS Practice Statement 1, Management Commentary
• ISSB’s plan to harmonize and consolidate the global sustainability disclosure landscape 
• Update on the FTC rule effectively banning noncompete agreements in the US

For more on this week’s topics:

FASB: Tentative Board Decisions, Accounting for and Disclosure of Software Costs

FASB: Tentative Board Decisions, Disaggregation—Income Statement Expenses

Working Draft of Chapters 8 and 9 from the Valuation of Privately-Held-Company Equity Securities Issued as Compensation Accounting and Valuation Guide

SEC Updates Website to Improve Compliance, Functionality, and User Experience

Cyber Update: SEC Issues New Guidance on Cybersecurity Incident Disclosure

IASB agrees to finalise the revision of the Management Commentary Practice Statement

ISSB delivers further harmonisation of the sustainability disclosure landscape

Federal judge partially blocks U.S. ban on noncompetes

Connect with Embark on: 

• LinkedIn
• Instagram
• Twitter
• Facebook
• YouTube

Listen to AM Now on Apple Podcasts and Spotify.