Financial Reporting in the US: Key Topics for Corporate Counsel

Crowe has signed Editorial Services terms for this articles. So please note the following terms of use: -The following reprints are approved: for colleagues, clients, firm website, educational settings and law schools only -The materials must be used AS-IS; -The resource may not be published by a 3rd Party Publisher w/o our prior written consent. A discussion of four key financial reporting topics. The Note discusses topics that are important either because the SEC has focused on them in comment letters on reporting company disclosure or because changes to accounting principles with practical implications to a company's agreements have been proposed. This Note discusses the accounting principles governing revenue recognition, lease accounting, fair value accounting and loss contingency disclosures.