{"id":4185,"date":"2020-03-24T09:51:36","date_gmt":"2020-03-24T08:51:36","guid":{"rendered":"https:\/\/www.dreport.cz\/en\/?p=4185"},"modified":"2020-03-26T10:44:46","modified_gmt":"2020-03-26T09:44:46","slug":"fasb-issues-an-accounting-standards-update-relating-to-the-reference-rate-reform","status":"publish","type":"post","link":"https:\/\/www.dreport.cz\/en\/blog\/fasb-issues-an-accounting-standards-update-relating-to-the-reference-rate-reform\/","title":{"rendered":"FASB Issues an Accounting Standards Update Relating to the Reference Rate Reform"},"content":{"rendered":"","protected":false},"excerpt":{"rendered":"<p>On 12 March 2020, the US Financial Accounting Standards Board (FASB) issued Accounting standards update (ASU) no. 2020-04 \u201cFacilitation of the Effects of Reference Rate Reform on Financial Reporting\u201d. Equally to what the International Accounting Standards Board (IASB) did in September 2019, FASB responds to the planned reform of IBOR rates and the planned termination of the use of the LIBOR reference rate at the end of 2021 and to the impact of the changes on financial accounting. The ASU become effective since 12 March 2020 and will apply for a definite period of time, specifically until 31 December 2022. <\/p>\n","protected":false},"author":117,"featured_media":4186,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5],"tags":[210,25,8],"class_list":["post-4185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting","tag-fasb","tag-us-gaap","tag-dreport-newsletter"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.dreport.cz\/en\/wp-json\/wp\/v2\/posts\/4185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dreport.cz\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dreport.cz\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dreport.cz\/en\/wp-json\/wp\/v2\/users\/117"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dreport.cz\/en\/wp-json\/wp\/v2\/comments?post=4185"}],"version-history":[{"count":2,"href":"https:\/\/www.dreport.cz\/en\/wp-json\/wp\/v2\/posts\/4185\/revisions"}],"predecessor-version":[{"id":4188,"href":"https:\/\/www.dreport.cz\/en\/wp-json\/wp\/v2\/posts\/4185\/revisions\/4188"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dreport.cz\/en\/wp-json\/wp\/v2\/media\/4186"}],"wp:attachment":[{"href":"https:\/\/www.dreport.cz\/en\/wp-json\/wp\/v2\/media?parent=4185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dreport.cz\/en\/wp-json\/wp\/v2\/categories?post=4185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dreport.cz\/en\/wp-json\/wp\/v2\/tags?post=4185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}