As Americans prepare for the Thanksgiving holidays, I reflect on the many things that I am thankful for. Read More ...
GAAP Flash – ASC 606, ASC 805 and Uncertain Tax Positions – 11.4.1
Nov 04, 2016This week’s GAAP Flash includes articles about revenue recognition (ASC 606 / IFRS 15), business combinations (ASC 805 / IFRS 3), and uncertain tax positions. Read More ...
Accounting for Onerous Contracts under ASC 450 (FAS 5) and IAS 37
Oct 04, 2016Onerous contracts are not defined in ASC 450 (old FAS 5). So what is the proper accounting for onerous contracts under U.S. GAAP and does it differ from IFRS (IAS 37)? Read More ...
Indefinite Reversal Criteria of ASC 740 (APB 23): A Worked Example
Sep 27, 2016How should entities apply the indefinite reversal criteria within ASC 740-30 (the APB 23 exception) in practice? This worked example shows you how! Read More ...
No U.S. Taxes! – Indefinite Reversal Criteria of ASC 740 (APB 23)
Sep 20, 2016How do U.S. companies get out of paying taxes on $2.5 trillion? By using the indefinite reversal criteria in ASC 740, a.k.a. the APB 23 exception! Read More ...
Want Effective Training? Everyone Plays a Part to Rise Above the Rest!
Sep 13, 2016I just got back from an amazing training experience and I learned the special formula for effective training. It’s you, regardless of your role! Read More ...
Example: Accounting for Uncertain Tax Positions (ASC 740)
Sep 06, 2016Do you know how to account for uncertain tax positions under U.S. GAAP (ASC 740)? This post summarizes the guidance with a worked example. Read More ...
ASU 2016-09: FASB Issues New Accounting for Stock Comp (ASC 718)
Aug 23, 2016ASU 2016-09: New Accounting Guidance for Stock Comp (ASC 718) Read More ...