Changing U.S. economic and fiscal policies

A shift in the policies of the U.S. government has created an environment of economic uncertainty that may have a wide-ranging impact on many companies, triggering the need for accounting and financial reporting responses. This publication discusses some of the accounting and reporting considerations under U.S. GAAP, including the following topics, that could apply to companies either directly or indirectly impacted by these changes:

Estimates and subsequent events
Asset impairment
Cost capitalization
Fair value measurement, financial asset impairment, and hedging
Leases
Loan restructurings
Debt classification
Revenue recognition
Disclosures

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Contacts:

Susan Mercier

Partner, Audit & Assurance – Accounting Principles, Grant Thornton LLP
Principal, Grant Thornton Advisors LLC

Metro DC - Arlington, Virginia

+1 312 602 8084

Ryan Brady

Partner, Accounting Principles Group
Grant Thornton LLP

Principal, Grant Thornton Advisors LLC

Ryan is a partner in Grant Thornton’s Accounting Principles Consulting Group. He began his career in Grant Thornton’s Chicago audit practice and currently works in the firm’s national office, helping audit teams resolve technical accounting issues in areas including leases, debt and equity transactions, and derivatives and hedging.

Chicago, Illinois

+1 312 602 8741

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Audit & Assurance Services

Sandy Heuer

Partner, Audit & Assurance – Accounting Principles, Grant Thornton LLP
Principal, Grant Thornton Advisors LLC

Minneapolis, Minnesota

+1 612 677 5122

Katelyn Minichiello

Experienced Manager, Audit Services

+1 617 973 4731

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