This post explores one component of fulfillment cash flows when accounting for insurance contracts: net future cash flows under IFRS 17.
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Uncertainty with income tax treatments is not a new topic. But the guidance under IFRS has not been certain, until now, thanks to IFRIC 23!
Learn why accounting for investment companies is different under IFRS and U.S. GAAP (ASC 946) and what it means for you in practice!
Can cost be used as an appropriate estimate of fair value for equity investments under IFRS 9? Let’s see what the guidance permits.
This post summarizes the implementation cost accounting rules for service contracts in cloud computing arrangements under ASC 350-40.
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.
This blog shares our insights and conversations about accounting, auditing, and training matters. It is hosted by GAAP Dynamics
