This month’s GAAP flash includes articles about lessons learned from public companies adopting ASC 606, and advice for private company adoption. Read More ...
Summary of Significant ASU's Effective in 2018 (and Special Offer)
Nov 27, 2018Are you looking for a quick overview of the main changes in U.S. GAAP? CPE? Well, you’ve come to the right place! These are the ASUs effective for 2018. Read More ...
Clarification of collaborative arrangements under ASU 2018-18 is here!
Nov 20, 2018The FASB has issued ASU 2018-18, which clarifies the accounting for collaborative arrangements (ASC 808) and revenue recognition under ASC 606. Read More ...
Join us for a tour of the Revolution!
Nov 13, 2018Join us for a tour of our new online learning platform, the Revolution. In this detailed video, we will go over how to properly use our LMS. Read More ...
Impairments of financial instruments are changing under IFRS 9!
Nov 06, 2018Under IFRS 9, impairments are now recognized based on an expected credit loss model vs. an incurred loss model under previous guidance (IAS 39). Read More ...
Is it a business (ASC 805)? ASU 2017-01 provides clarity!
Oct 30, 2018The definition of a business (ASC 805) was too broad. ASU 2017-01 clarified the situation and now it looks like the IASB has plans for IFRS 3 too! Read More ...
GAAP Flash – ASC 326, CECL and IFRS 9 – 10.26.18
Oct 26, 2018This week’s GAAP Flash includes articles about the impairment of financial instruments under CECL (ASC 326), the impact on industries, and IFRS 9. Read More ...
Fair Value Disclosures Just Got Easier (ASU 2018-13)
Oct 23, 2018It’s not often the FASB gets praise for issuing new guidance, but that’s what happened since fair value disclosures are now easier under ASU 2018-13. Read More ...