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Regulatory Updates
Regulatory updates are changes to the accounting and reporting rules companies have to apply. In the US, the FASB amends the Accounting Standards Codification – the source of authoritative US GAAP – through Accounting Standards Updates (ASUs). Internationally, the IASB issues and reviews IFRS Accounting Standards. For US finance and SAP teams, each update raises the same questions: Does it apply to us, from when, and does it change data, calculations, or disclosures in our systems? A new practical expedient or disclosure requirement can look small on paper and still require changes to accounting policy, reporting, and SAP configuration.
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Regulatory Updates
IFRS 16 Post-Implementation Review: What the IASB Decided (July 2026)
The IASB concluded its post-implementation review of IFRS 16 in July 2026. What was decided, which follow-up projects are planned, and what it means for lessees and lessors.
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Regulatory Updates
ASU 2025-05: Simplified Credit Loss Estimates for Receivables and Contract Assets
ASU 2025-05 introduces a practical expedient for estimating credit losses on current accounts receivable and contract assets from ASC 606. What changes and when it applies.
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Regulatory Updates
ASU 2025-04: Share-Based Consideration Payable to Customers (effective 2027)
ASU 2025-04 clarifies how companies account for share-based awards granted to customers under ASC 606 and ASC 718. What changes, transition options and the effective date.
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What You'll Find Here
Our regulatory articles explain new guidance with a focus on revenue, leases, and the systems behind them. They cover recent FASB updates – such as ASU 2025-05 on credit loss estimates for current receivables and contract assets, ASU 2025-04 on share-based consideration payable to customers, and updates on internal-use software, expense disaggregation, and common control leases. On the IFRS side, they cover the IASB's post-implementation reviews of IFRS 16 and IFRS 15 and the new income statement structure under IFRS 18, which replaces IAS 1 for annual periods beginning on or after January 1, 2027. Further topics include SEC comment letter trends on revenue recognition and e-invoicing mandates that affect billing for companies with European operations.
Key Questions We Cover
• What exactly changed, and which entities are in scope?
• When does the guidance become effective, and which transition options exist?
• Which accounting policy elections or disclosures need a decision?
• What does the change mean for SAP Revenue Accounting and Reporting (RAR), lessor accounting, and reporting data?
How This Connects to SAP
Most standards updates do not require a new system – but they often require new data, a changed calculation, or an additional disclosure. We look at each update from both sides: the accounting requirement and its impact on SAP processes, from revenue contracts and contract balances to parallel accounting for US GAAP and IFRS.
Revident works along Discover. Engineer. Validate. Operate. With human-governed automation, AI agents can help assess where an update touches existing configuration and test the effects, while specialists decide on policy and implementation.
Start Here
• IFRS 16 Post-Implementation Review: What the IASB Decided (July 2026)
• ASU 2025-05: Simplified Credit Loss Estimates for Receivables and Contract Assets
• ASU 2025-04: Share-Based Consideration Payable to Customers (effective 2027)
Assessing new FASB or IASB guidance for your SAP landscape? Talk to our experts.
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