GAAP Dynamics Staff

Impairment of AFS Debt Securities under ASC 326

Jun 19, 2018

The impairment model for AFS debt securities has changed upon the adoption of ASC 326. This post explores the new requirements.

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Accounting for warranties under ASC 606

May 29, 2018

Accounting for warranties under ASC 606 will depend on the type of warranty. This post discusses the various requirements!

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Readily Determinable Fair Value Updates and the Use of Net Asset Value

Nov 08, 2016

Does the recent technical correction to the definition of readily determinable fair value impact your application of NAV as a practical expedient?

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Foreign Currency Translation under U.S. GAAP (ASC 830)

Aug 02, 2016

To better understand how currency fluctuations impact financial statements, let’s dive into ASC 830 and foreign currency translation.

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Implementing a worldwide U.S. GAAP and IFRS eLearning program

May 01, 2015

When a century-old Fortune 100 company spun-off its international operations, the newly formed company realized its employees were missing critical U.S. GAAP knowledge. A GAAP gap?? Now that’s a serious issue. But with employees spread all over the world, providing instructor-led U.S. GAAP training would be quite expensive and time consuming — two issues the new entity had to overcome.

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Welcoming new employees to the company and the insurance industry

May 01, 2015

A global insurance holding company was facing a scenario most businesses would love: Stratospheric growth, thanks to acquisitions and additional hiring. Rather than rehashing old onboarding techniques or seizing the growth rocket and hoping for the best, our client, who encourages its employees to look for a better way to do things, recognized a clear challenge amidst the momentum.

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Advising a regional accounting firm on a challenging transaction

May 01, 2015

It is an age-old story of an accounting firm trying to complete a financial statement audit and issue an opinion but is roadblocked by their client’s complex accounting issues. A regional accounting firm was trying to meet demanding engagement deadlines while maintaining high audit quality standards, all with a limited amount of resources. Everything was going fine until they got hit with an accounting issue that most CPAs are not comfortable with.

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Helping a regional accounting firm convert ILT to CPE-eligible webinars

May 01, 2015

A small, but rapidly expanding public accounting and advisory firm identified a need to ensure its professionals advising transaction-based businesses were educated and knowledgeable to meet the expectations and needs of its client base. As a result, they created an internal “university” program, hosting training sessions on a semi-annual basis, along with smaller group sessions on a more frequent basis.

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Helping a regional accounting firm prepare for their first-ever PCAOB inspection

May 01, 2015

A regional accounting firm had spent way too many years bored to tears at their annual U.S. GAAP/GAAS update training. Ready to "spice up" the course and improve enagement, they turned to GAAP Dynamics. With our energetic, engaging delivery, we brought a whole new flavor to their formerly bland U.S. GAAP/GAAS update training. But what was intended as a one-off course ended up becoming much more.

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Helping a Big 4 Firm transform existing content into CPE-eligible self-study eLearning

May 01, 2015

With thousands of employees spread all over the U.S., this Big 4 U.S. firm has come to us with quite a few challenges over the course of our partnership, including: Offering CPE for missed events quickly, Converting existing intructor led content (ILT) or video into high quality eLearning with minimal disruption to their Subject -Matter Specialists (SMS), and creating content that is accessible by all. Since we’ve started working with this Big 4 firm, we’ve programmed and served as the CPE-sponsoring organization for 45 eLearning courses (and that list continues to grow)!

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