The 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 ...
Trick or Treat –Pros & Cons of Microlearning (continued)
Oct 31, 2017This post concludes on the pros and cons of microlearning, as we see it, as discussed at the 2017 DevLearn Conference. Read More ...
DevLearn Preview – Pros & Cons of Microlearning
Oct 10, 2017The Next Big Thing is Small: Pros & Cons of Microlearning Read More ...
It’s Auditor Independence Day at GAAP Dynamics!
Jul 04, 2017Auditor independence is not a new issue, but it continues to draw the scrutiny of the PCAOB, AICPA and other regulators of audit firms. Read More ...