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? Read More ...
Say “Hello” to IFRS 17, Insurance Contracts
Jun 06, 2017IFRS 17, Insurance Contracts fundamentally changes the way insurers will account for insurance contracts in their IFRS financial statements. Read More ...
Variation Margin: Accounting for Derivatives under ASC 815 (FAS 133)
Feb 07, 2017An update on Dodd-Frank’s central clearing and variation margining requirement, and its impact on accounting for derivatives under ASC 815 (FAS 133). Read More ...
Time’s Running Out: Get Up to Speed on IFRS 9 Financial Instruments
Oct 18, 2016Get up to speed on the requirements for classification and measurement of debt securities under IFRS 9 Financial Instruments with this post! Read More ...
GAAP Flash – Fraud, Bribes and Romance – 8.19.2016
Aug 19, 2016Shady lending practices, bribing foreign officials and even forbidden love. This week’s issues reads like a supermarket tabloid! Read More ...
GAAP Flash –Too Big to Fail, blockchain technology, & more – 8.12.2016
Aug 12, 2016This week focuses on Dodd Frank, bailouts of ‘too big to fail’ banks, and how blockchain may change the financial sector and accounting in the future. Read More ...
GAAP Flash –ASC 740, APB 23, and Non-GAAP Financial Measures – 8.05.2016
Aug 05, 2016This week’s issue discusses accounting for income taxes (ASC 740 and APB 23), non-GAAP financial measures and the movement to fix GAAP. Read More ...
Revenue Reminder: ASC 605 / SAB 104 & IAS 18
Jun 01, 2016ASC 606 is just around the corner, but restatements and enforcement actions highlight struggles of applying current revenue recognition guidance (ASC 605 / SAB 104 and IAS 18). Read More ...