As extensive as ASC 606 (revenue recognition) is, it doesn’t answer all questions or cover all related issues. Let’s take a look at one example. Read More ...
GAAP Flash– Preparing for the new lease accounting standard (ASC 842)
Jun 29, 2018This GAAP Flash discusses the process of adoption ASC 842, the new lease accounting standard, and the challenges both public and private companies face as they prepare for adoption. Read More ...
ASC 815: Hedging for Partial Term or Prepayment Risk
Jun 26, 2018ASU 2017-12 makes it easier to achieve fair value hedge accounting for partial term hedges and hedges with prepayment risk. Read More ...
Impairment of AFS Debt Securities under ASC 326
Jun 19, 2018ASC 326’s new CECL model does not apply to AFS debt securities; rather, there is a separate impairment model for AFS debt securities. 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 ...
Hedging Non-Financial Risks under ASC 815 after Improvements in ASU 2017-12
Jun 05, 2018ASU 2017-12 makes it easier to achieve cash flow hedge accounting for hedges of non-financial risks. Read More ...
To buy or not to buy? Accounting for warranties under ASC 606
May 29, 2018The type of warranty matters under the new revenue recognition standard (ASC 606). Let us walk you through the process of accounting for warranties! Read More ...
GAAP Flash – Lessons Learned from ASC Topic 606– 05.25.18
May 25, 2018This month’s GAAP Flash will help you avoid a few pitfalls in implementing ASC Topic 606, as well as give you some great questions to ask. Read More ...