This post summarizes the implementation cost accounting rules for service contracts in cloud computing arrangements under ASC 350-40.
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The new CECL model requires an entity to record lifetime expected credit losses for financial instruments, but can that expectation ever be zero?
The FASB has clarified whether a transaction should be accounted for as an exchange (ASC 606) or a contribution (ASC 958).
While ASC 606 is extensive, it doesn't cover all arrangements. This post explores the accounting for pre-production arrangements.
This post explores the accounting for shipping and handling activities, which is a common revenue recognition practice issue under ASC 606.
ASU 2017-12 makes it easier to achieve fair value hedge accounting for partial term hedges and hedges with prepayment risk.
The impairment model for AFS debt securities has changed upon the adoption of ASC 326. This post explores the new requirements.
ASU 2017-12 makes it easier to achieve cash flow hedge accounting for hedges of non-financial risks.
Accounting for warranties under ASC 606 will depend on the type of warranty. This post discusses the various requirements!
Let’s take another look at the liquidation basis of accounting, which should be applied when liquidation is imminent.
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