This Caddyshack-inspired blog post discusses the accounting for nonrefundable initiation fees under ASC 606.
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The going concern guidance has been revised to address management responsibilities and what to disclose if substantial doubt exists.
The Premium Allocation Approach (PAA) is a lot like existing accounting for short-duration contracts, but does it avoid all of IFRS 17’s challenges?
IFRS doesn’t have specific guidance on transactions with shareholders. This post explores the accounting for intercompany loans under IFRS 9.
This post discusses the accounting for common area maintenance charges (CAM) and property taxes under the new lease accounting standards.
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).
This blog shares our insights and conversations about accounting, auditing, and training matters. It is hosted by GAAP Dynamics
