Knowing the definition of a business will help you determine if a transaction represents a business combination under ASC 805.
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Let's give it to the FASB for issuing new guidance, but that’s what happened since fair value disclosures are now easier under ASU 2018-13.
Learn why accounting for investment companies is different under IFRS and U.S. GAAP (ASC 946) and what it means for you in practice!
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.
The impairment model for AFS debt securities has changed upon the adoption of ASC 326. This post explores the new requirements.
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