During this time of uncertainty, you must evaluate whether the impacts of COVID-19 trigger non-financial asset impairments under ASC 350 and ASC 360. Read More ...
Accounting for Business Combinations: An Overview of ASC 805
Feb 25, 2020Struggling with accounting for business combinations? No worries. This post provides you with an overview of ASC 805 and links to helpful resources. Read More ...
Bring it back y'all! Amortizing goodwill (again) under ASC 350!
Oct 22, 2019The FASB continues to receive feedback from public companies stating that the cost of accounting for goodwill still outweighs the benefits! Read More ...
Will you marry me? There are so many current proposals to talk about!
Sep 10, 2019While we may be wrapping up this year’s wedding season, proposals are going strong! We’re here today to provide a brief update on current FASB and SEC proposals. Read More ...
Warren Buffett’s disdain of ASC 321, Investments in Equity Securities
Mar 05, 2019ASC 321 seems to have developed a love/hate relationship with accounting professionals. Warren Buffett is one who does not love the new requirements! Read More ...
The twelve days of Christmas – AICPA style!
Dec 18, 2018We are highlighting the 2018 AICPA Conference on Current SEC and PCAOB Developments through one of our favorite Christmas songs! Read More ...
GAAP Flash – Summarizing the adoption of ASC 606 – 11.30.18
Nov 30, 2018This month’s GAAP flash includes articles about lessons learned from public companies adopting ASC 606, and advice for private company adoption. Read More ...
Impairments of financial instruments are changing under IFRS 9!
Nov 06, 2018Under IFRS 9, impairments are now recognized based on an expected credit loss model vs. an incurred loss model under previous guidance (IAS 39). Read More ...