Companies may form strategic alliances to achieve a common goal and these arrangements can fall within the scope of ASC 808, Collaborative Arrangements. Read More ...
IAS 37 Amendments: Onerous Contracts
Nov 17, 2020Recent amendments made to IAS 37 Provisions, Contingent Liabilities and Contingent Assets address practice issues with onerous contract accounting. Read More ...
IFRS 15 Practice Issue: Training costs to fulfill a contract
Oct 06, 2020IFRS 15, Revenue from Contracts with Customers has been effective for a few years, however, practice issues such as this one continue to arise. Read More ...
Recent Comments by the SEC on Non-GAAP Financial Measures
Jun 30, 2020Non-GAAP financial measures have long been an SEC hot topic. While that hasn’t changed, the specific issues have. This post highlights recent findings. Read More ...
Impact of COVID-19 on Accounting for Income Taxes under ASC 740
Apr 28, 2020The COVID-19 pandemic has required numerous accounting and financial reporting considerations, including the accounting for income taxes under ASC 740. Read More ...
Two Bucket Effective Date Approach for Accounting Standards Updates
Mar 10, 2020Extend & simplify: two words we like to see from the FASB! Let’s see how the FASB is helping us prepare for new standards by giving us more time. Read More ...
Consideration of a Significant Financing Component under ASC 606
Sep 03, 2019Did you know that ASC 606 requires consideration of a significant financing component when determining the transaction price for revenue recognition? Read More ...
Top 5 Takeaways From Our Webinar: ASUs Effective in 2019
May 14, 2019On May 9 we hosted our first 2019 webinar on accounting standards (ASUs) newly effective in 2019. Missed it? This post will share the top 5 takeaways. Read More ...