Accounting for shipping and handling is changing under the new revenue recognition standard (ASC 606), creating a new difference with IFRS.
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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 post summarizes the guidance within ASC 740 regarding the accounting for uncertain tax positions using a worked example.
To better understand how currency fluctuations impact financial statements, let’s dive into ASC 830 and foreign currency translation.
This post explores the accounting requirements of intangible assets (ASC 350) acquired in a business combination (ASC 805).
Don’t be intimidated by the FASB Codification! This blog post deciphers the preeminent resource of all U.S. GAAP accounting resources.
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