Accounting for shipping and handling is changing under the new revenue recognition standard (ASC 606), creating a new difference with IFRS (IFRS 15). Read More ...
GAAP Flash – Accounting Fraud, Trump’s Tweets, & Pay Ratio – 03.10.17
Mar 10, 2017This week we discuss accounting fraud, Dodd-Frank, including pay ratio disclosures, and how Trump’s tweets may impact annual shareholder meetings. Read More ...
Identification of Hyperinflationary Economies: IAS 29 and ASC 830
Mar 07, 2017This post covers the identification of hyperinflationary economies under IFRS (IAS 39) with comparisons to U.S. GAAP (ASC 830). Read More ...
GAAP Flash – IFRS, CECL, Going Concern Auditing Standard – 03.03.17
Mar 03, 2017CECL implementation impacts, IFRS in the U.S., the new auditing standard on going concern and ASU 2017-05 are covered in this week’s GAAP Flash. Read More ...
Business Combinations: Accounting Under ASC 805 versus IFRS 3!
Feb 28, 2017Business combinations continue to be a hot accounting topic. This blog post summarizes the main differences between ASC 805 and IFRS 3. Read More ...
GAAP Flash – Corporate eLearning, FX Hedging, and ASC 606 – 02.24.17
Feb 24, 2017This week’s GAAP Flash includes discussion of the rise and importance of corporate eLearning, FX hedging, ASC 606, and other articles impacting CPAs. Read More ...
Five Nuggets from the SEC about ASC 606 Transition
Feb 21, 2017With the effective date looming, focus is on transition to ASC 606. What does the SEC have to say? Here are five nuggets from the AICPA Conference. Read More ...
GAAP Flash – ASC 606, ASC 450, ASC 805 and non-GAAP – 02.17.17
Feb 17, 2017This week’s GAAP Flash includes articles about revenue recognition (ASC 606), contingencies (ASC 450), business combinations (ASC 805), and non-GAAP. Read More ...