Loan participations and syndications are different types of lending transactions with unique accounting and reporting issues. Read More ...
Crypto-assets: “Doge” the FASB plan to do anything about them?!?
Apr 20, 2021Crypto-assets utilizing blockchain are now held for various reasons by companies, but the FASB has yet to tell us how to account for them. Read More ...
Accounting for PIPEs… the answer doesn’t have to be a pipe dream!
Mar 30, 2021Investment companies have been investing in PIPEs as part of the recent explosion of SPACs, but how are these investments accounted for under ASC 946? Read More ...
The FASB doesn't like bad surprises... so you'd better avoid them!
Jan 26, 2021ASU 2017-08 clarifies the accounting for amortization of the premium on purchased callable debt securities bringing headaches to those affected by it! Read More ...
COVID-19 & Investment Companies: New Virus, Same Old Accounting Issues
Apr 14, 2020COVID-19 presents similar accounting and reporting issues for investment companies as those experienced during the economic crisis over a decade ago. Read More ...
Cryptocurrency Accounting for Investment Funds: U.S. GAAP vs. IFRS
Dec 10, 2019Treatment of cryptocurrency highlights why U.S. GAAP remains preferable to IFRS as a basis of accounting for investment funds. Read More ...
Control Premiums – Do They Count?
Jul 02, 2019Estimating fair value for private equity funds under ASC 820 can be a challenge, particularly when holding a controlling interest in an investee. Read More ...
Recognizing revenue under ASC 606 when good contracts go bad
May 07, 2019ASC 606 requires us to consider collectibility to determine if a contract exists but what happens if things change after the contract is signed? Read More ...