In Episode #13 of GAAP Chats, hosts Mike Walworth and Chris Brundrett provide listeners with an update on topics they talked about in previous pods, as well as the latest developments in U.S. GAAP. Read More ...
But Why? ASC 320 Classification & Measurement Reminders
Apr 18, 2023Issues in the banking industry have left many asking “why?” Why did this happen, why were investments transferred, and why is this allowed under ASC 320, Debt Securities? Read More ...
GAAP Chats: Investments Held by Banks-Debt Securities
Apr 18, 2023In Episode #12 of GAAP Chats, hosts Mike Walworth and Chris Brundrett discuss the types of investments held by banks and how these investments are accounted for under U.S. GAAP in accordance with ASC 320. Read More ...
Overview of IFRS 5: Held-for-sale assets and discontinued operations
Apr 11, 2023Selling a major asset or discontinuing a business operation are big decisions. This post explores the accounting for these events under IFRS 5. Read More ...
A New Proposal for Crypto!
Apr 04, 2023The FASB has issued a proposed ASU on the accounting for certain cryptocurrency assets. This post explores the proposal, which we would say yes to! Read More ...
“Off with their heads!” Time to Kill the HTM Category under ASC 320
Mar 28, 2023This post makes the argument that banks are gaming the system regarding the accounting for held-to-maturity securities under ASC 320. Read More ...
GAAP Chats: What’s Happening at Credit Suisse?
Mar 28, 2023In Episode #11 of GAAP Chats, hosts Chris Brundrett and Bob Laffler discuss the recent turmoil in the banking industry, specifically recent issues at Credit Suisse. Read More ...
Accounting for Leases under IFRS 16: An Overview
Mar 21, 2023Looking for IFRS lease accounting training? Our two-part IFRS 16 eLearning collection covers exactly what you need to know! Read More ...