Uncertainty with income tax treatments is not a new topic. But the guidance under IFRS 12 has not been certain, until now, thanks to IFRIC 23. Read More ...
Resources for the New Lease Accounting Standards (ASC 842 / IFRS 16)
Oct 02, 2018Most companies will be affected by the new lease accounting standards (ASC 842 / IFRS 16). Here are some accounting and training resources to help with your implementation. Read More ...
Resources for the New Revenue Standards (ASC 606 / IFRS 15)
Sep 10, 2018A compilation of links to our revenue-related blog posts, resources, and online training related to the new revenue recognition standards (ASC 606 and IFRS 15). Read More ...
CECL: Can there be zero expected credit losses under ASC 326?
Aug 21, 2018The new CECL model requires an entity to record lifetime expected credit losses for financial instruments, but can that expectation ever be zero? Read More ...
Blending nonemployee share-based payment awards into ASC 718
Jul 31, 2018The FASB released ASU 2018-07 to simplify the accounting for share-based payment arrangements with nonemployees and align the guidance with ASC 718. Read More ...
Let’s Refresh! The Liquidation Basis of Accounting
May 01, 2018Let’s take another look at the liquidation basis of accounting, which should be applied when liquidation is imminent. Read More ...
Land Easements under the New Lease Accounting Standard (ASC 842)
Apr 24, 2018This post explores ASU 2018-01, which provides clarification for the accounting for land easements under the new lease accounting standard, ASC 842. Read More ...
Going Concern: It’s not just for auditors anymore!
Nov 28, 2017The going concern principle has received attention from regulators in the past few years, receiving updates from both the FASB and the AICPA. Read More ...