This post discusses the accounting for common area maintenance charges (CAM) and property taxes under the new lease accounting standards.
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Are you properly disclosing related party transactions in accordance with U.S. GAAP (ASC 850) and IFRS (IAS 24)? Find out in this post.
Using a "real-life" example, this post explores the revenue recognition criteria related to principal vs agent determination under ASC 606.
The revenue recognition criteria within ASC 606 and IFRS 15 focuses on control (as opposed to risks and rewards), but does it matter?
Accounting for shipping and handling is changing under the new revenue recognition standard (ASC 606), creating a new difference with IFRS.
This post covers the identification of hyperinflationary economies under IFRS (IAS 29) with comparisons to U.S. GAAP (ASC 830).
How is impairment of long-lived assets accounted for under ASC 360? This post discusses the various requirements.
Segment reporting (ASC 280) is always a top issue for SEC comment letters. This post explores common mistakes made by companies in this area.
Can you record a gain related to a contingency? This post describes the accounting requirements for gain contingencies under ASC 450.
Does the recent technical correction to the definition of readily determinable fair value impact your application of NAV as a practical expedient?
This blog shares our insights and conversations about accounting, auditing, and training matters. It is hosted by GAAP Dynamics
