This post reviews changes to the equity method of accounting as a part of ASU 2016-07 and reviews ASC 323 as it pertains to the equity method. Read More ...
GAAP Flash – ASC 605, SAB 104, ASC 830, ASC 944 and Taxes - 05.05.2017
May 05, 2017This GAAP Flash discusses accounting for foreign currency (ASC 830), revenue (ASC 605 and SAB 104), insurance (ASC 944), and Trump’s tax cuts. Read More ...
Swear to Properly Disclose Related Party Transactions (ASC 850/IAS 24)
May 02, 2017Are you properly disclosing related party transactions in accordance with U.S. GAAP (ASC 850) and IFRS (IAS 24)? Find out in this post. Read More ...
GAAP Flash – Impairment (ASC 360), SEC Reporting and IFRS 9 – 04.28.17
Apr 28, 2017This week’s GAAP Flash includes impairment (ASC 360), hot topics in not-for-profit accounting, SEC reporting issues, and IFRS 9. Read More ...
Cheer for the Related Party Audit Standard (AS 18 / AS 2410)
Apr 25, 2017Are you doing enough to audit related party transactions? This post explores the requirements set out in PCAOB AS 18 (reorganized under AS 2410). Read More ...
GAAP Flash – SEC Reporting, ASC 606, and Tax Filing Trends – 04.21.17
Apr 21, 2017This week’s GAAP Flash discusses revenue recognition (ASC 606), tax filing trends, impact of social media snafus on financial reporting, and risk management. Read More ...
Lease Disclosures: Stepping it up from ASC 840 to ASC 842
Apr 19, 2017The disclosure requirements under current U.S. GAAP for leases (ASC 840) aren’t terribly insightful, but this is about to change under the new lease accounting standard (ASC 842). Read More ...
GAAP FLASH – Going Concern, Social Media and Accounting – 04.14.17
Apr 14, 2017This week’s GAAP Flash investigates Toshiba as a going concern, SEC enforcement and disclosures, and social media and accounting. Read More ...