The definition of a business (ASC 805) was too broad. ASU 2017-01 clarified the situation and now it looks like the IASB has plans for IFRS 3 too! Read More ...
GAAP Flash – Important disclosure information – 09.28.18
Sep 28, 2018We’ve all been busy with adopting ASC 606 and preparing for ASC 842, but don’t let these important disclosure updates fall through the cracks! Read More ...
ASU 2018-15: Cloud computing arrangements for service contracts
Sep 11, 2018The FASB recently issued ASU 2018-15 to clarify implementation cost accounting rules for service contracts in cloud computing arrangements. Read More ...
Non-GAAP Measures: I’m so popular!
Jun 12, 2018The use of non-GAAP measures continues to rise, along with the scrutiny of their use, especially with the adoption of ASC 606 and the tax reform laws. Read More ...
GAAP Flash – Remember me? ASC 606, ASC 842, and CECL – 04.27.18
Apr 27, 2018It’s been a while since our last GAAP flash edition and today, you’ll see a new look as we discuss updates on the “Big 3” accounting standards. Read More ...
GAAP Flash - ASC 815, IFRS 16, IPOs, and AI - 02.23.18
Feb 23, 2018This week's GAAP Flash discusses a FASB proposal on ASC 815, adopting IFRS 16, testing the waters with IPOs, and embracing AI. Read More ...
GAAP Flash - ASC 842, the tax overhaul, and COSO - 02.02.18
Feb 02, 2018This week's GAAP Flash discusses tweaks and tips on ASC 842, the impact of the tax overhaul on tech companies, and COSO's new chairman. Read More ...
GAAP Flash – FASB activity, CECL, and audit committee focus – 01.12.18
Jan 15, 2018This week’s GAAP Flash discusses the FASB’s focus on lease implementation and tax law impacts, CECL expectations, and upcoming audit committee focus. Read More ...