Can you record a gain related to a contingency? This post describes the accounting requirements for gain contingencies under ASC 450.
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This post summarizes the guidance within ASC 740 regarding the accounting for uncertain tax positions using a worked example.
PCAOB inspection reports show auditors continue to struggle with independence. This post highlights the most pervasive issue noted by inspectors.
Train the trainer programs ensure a consistent and effective rollout of your learning initiatives. Here are six tips for TtT success!
Don’t be intimidated by the FASB Codification! This blog post deciphers the preeminent resource of all U.S. GAAP accounting resources.
A career in public accounting is not easy, but worth it. Here's some helpful tips on how to succeed in public accounting with the Big 4.
Recent amendments to ASC 810 will change the consolidation guidance for limited partnerships. General partners take notice!
Need help implementing ASC 606 or IFRS 15? This post explores step 5 of the ASC 606 revenue model - recognizing revenue based on control.
Need help implementing ASC 606 or IFRS 15? This post explores step 4 of the ASC 606 revenue model - allocating the transaction price.
Need help implementing ASC 606 or IFRS 15? This post explores step 3 of the ASC 606 revenue model - determining the transaction price.
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