ASC 326’s new CECL model and other key provisions are expected to result in earlier recognition of credit losses. Read More ...
ASC 321- Investments in Equity Securities, friend or foe?
May 15, 2018ASC 321, Investments – Equity Securities has been adopted by public business entities, but is it “friend” or “foe”? Read More ...
Examining Contracts Under ASC 606: Material Rights
May 08, 2018What are material rights and how do they impact revenue recognition under ASC 606? This post answers exactly those questions. Read More ...
Our Webinar Post-Mortem: They Like Us. They Really Like Us!
May 07, 2018This blog walks through an analysis and participants’ thoughts of our webinar held on Thursday, May 3, 2018 covering the ASUs effective in 2018. 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 ...
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 ...
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 ...
Foreign Currency Translation (ASC 830) and Cash Flows - Plug the Flow?
Apr 17, 2018Having trouble accounting for foreign currency translation under ASC 830 in the statement of cash flows? You're not alone! This post discusses the issue. Read More ...