FASB 133

DCS Reports Strong Q2 Revenues and Growth

Retrieved on: 
Monday, August 22, 2022

The six months revenues ending June 2022, were reported at USD $13.6 million versus USD $8.0 million in 2021 representing an increase of 70%.

Key Points: 
  • The six months revenues ending June 2022, were reported at USD $13.6 million versus USD $8.0 million in 2021 representing an increase of 70%.
  • In Q2 2022, the DCS team took further advantage of the quick-to-market strategy and capture significant revenue growth from the 4G/5G transition in the United States.
  • As the network upgrades continue in 2022, DCS is aiming to continue its growth through Smart-Hardware, SaaS solutions, Managed Services, and Connectivity.
  • DCS and the DCS logo are among the trademarks of DCS in the United States.

DCS Strengthens the Board and Audit Committee to be NASDAQ Compliant

Retrieved on: 
Friday, July 29, 2022

Mr. Diamond will also take on the role of Chair of the Audit Committee.

Key Points: 
  • Mr. Diamond will also take on the role of Chair of the Audit Committee.
  • With the above changes, DCS is progressing to meet the NASDAQ listing requirements.
  • He is currently a Managing Director of CBIZ, and Lead Independent Director and Audit Committee Chair for RenovoRX.
  • For more information, visit www.dcsbusiness.com DCS and the DCS logo are among the trademarks of DCS in the United States.

Financial Accounting Standards Board Opens Search for Technical Director

Retrieved on: 
Thursday, December 5, 2019

The Financial Accounting Standards Board ( FASB ) announced today that it has opened a formal search process to hire the next FASB technical director.

Key Points: 
  • The Financial Accounting Standards Board ( FASB ) announced today that it has opened a formal search process to hire the next FASB technical director.
  • The role is also the primary representative of the FASB to stakeholders, including regulators, accounting firms, companies, and investors in communicating FASB staff views on technical accounting matters.
  • Finally, the technical director also has primary oversight for reviewing and maintaining the content of the Accounting Standards Codification .
  • The FASB develops and issues financial accounting standards through a transparent and inclusive process intended to promote financial reporting that provides useful information to investors and others who use financial reports.

FASB Delays Certain Effective Dates for Credit Losses, Leases, Hedging, and Long-Duration Insurance Standards

Retrieved on: 
Friday, November 15, 2019

2019-09, Financial ServicesInsurance (Topic 944): Effective Date , finalizes insurance standard effective date delays for all insurance companies that issue long-duration contracts, such as life insurance and annuities.

Key Points: 
  • 2019-09, Financial ServicesInsurance (Topic 944): Effective Date , finalizes insurance standard effective date delays for all insurance companies that issue long-duration contracts, such as life insurance and annuities.
  • The FASB is recognized by the Securities and Exchange Commission as the designated accounting standard setter for public companies.
  • FASB standards are recognized as authoritative by many other organizations, including state Boards of Accountancy and the American Institute of CPAs (AICPA).
  • The FASB develops and issues financial accounting standards through a transparent and inclusive process intended to promote financial reporting that provides useful information to investors and others who use financial reports.

FASB Clarifies Certain Areas of the Derivatives and Hedging Standard

Retrieved on: 
Tuesday, November 12, 2019

The Financial Accounting Standards Board ( FASB ) today issued a proposed Accounting Standards Update ( ASU ) to clarify certain sections of its 2017 hedge accounting standard .

Key Points: 
  • The Financial Accounting Standards Board ( FASB ) today issued a proposed Accounting Standards Update ( ASU ) to clarify certain sections of its 2017 hedge accounting standard .
  • During our outreach to help stakeholders understand and implement the new hedging standard, we identified areas of the guidance that could be better aligned with the standards stated objectives, said FASB Chairman Russell G. Golden .
  • The proposed ASU would address these areas and help promote a better, more consistent application of the standard.
  • The FASB is recognized by the Securities and Exchange Commission as the designated accounting standard setter for public companies.

FASB Seeks Public Comment on Proposal to Delay Effective Dates for Private and Certain Public Companies and Organizations

Retrieved on: 
Thursday, August 15, 2019

The Financial Accounting Standards Board ( FASB ) today issued a proposed Accounting Standards Update ( ASU ) that would grant private companies, not-for-profit organizations, and certain small public companies additional time to implement FASB standards on current expected credit losses (CECL), leases, and hedging.

Key Points: 
  • The Financial Accounting Standards Board ( FASB ) today issued a proposed Accounting Standards Update ( ASU ) that would grant private companies, not-for-profit organizations, and certain small public companies additional time to implement FASB standards on current expected credit losses (CECL), leases, and hedging.
  • The proposed ASU describes a new FASB philosophy that extends and simplifies how effective dates for major standards are staggered between larger public companies and all other entities.
  • Those other entities include private companies, smaller public companies, not-for-profit organizations, and employee benefit plans.
  • The FASB is recognized by the Securities and Exchange Commission as the designated accounting standard setter for public companies.

FASB Proposes Improvements Related to Distinguishing Liabilities from Equity

Retrieved on: 
Wednesday, July 31, 2019

The Financial Accounting Standards Board ( FASB ) today issued a proposed Accounting Standards Update (ASU) intended to improve guidance for certain financial instruments with characteristics of liabilities and equity, including convertible instruments.

Key Points: 
  • The Financial Accounting Standards Board ( FASB ) today issued a proposed Accounting Standards Update (ASU) intended to improve guidance for certain financial instruments with characteristics of liabilities and equity, including convertible instruments.
  • During the FASBs agenda consultation project a few years ago, stakeholders described liabilities and equity guidance as overly complex, internally inconsistent, and the source of frequent financial statement restatements, stated FASB Chairman Russell G. Golden .
  • To achieve this objective, the FASB targeted its efforts to improve the guidance on both convertible instruments and the derivatives scope exception for contracts in a companys own equity.
  • The proposed ASU , including a FASB in Focus overview and information about how to submit comments, is available at www.fasb.org .

Revenue Recognition Accounting Update 2019 (ASC 606) (California, United States - December 9-10, 2019) - ResearchAndMarkets.com

Retrieved on: 
Thursday, April 25, 2019

Conference Speakers will include more members of the Hedgetrackers team in addition to guest speakers from other firms:

Key Points: 
  • Conference Speakers will include more members of the Hedgetrackers team in addition to guest speakers from other firms:
    Hedge Trackers CEO Helen Kane is a widely recognized leader in the application of ASC 815 (formerly FAS 133, Accounting for Derivative Instruments and Hedging Activities) within corporate environments.
  • Helen founded Hedge Trackers in 2000 as a FAS 133 consulting and outsourcing firm providing deeply technical, yet practical solutions to Fortune 100 to 1000 companies.
  • In the decade-plus since, she has provided vision and leadership underpinning the firm's evolution into a premier provider of hedge program management software, consulting, outsourced derivative accounting and knowledge transfer services.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20190425005670/en/