Transitioning from ASC 840 to ASC 842 is proving to be time consuming and difficult; however, the FASB has issued a recent ASU providing relief. Read More ...
Blending nonemployee share-based payment awards into ASC 718
Jul 31, 2018The FASB released ASU 2018-07 to simplify the accounting for share-based payment arrangements with nonemployees and align the guidance with ASC 718. Read More ...
GAAP Flash – Change is in the Air at FASB, PCAOB & GASB – 07.27.18
Jul 27, 2018This month’s GAAP Flash will focus on some of the accounting and audit change that’s happening outside of the “Big 3” accounting standards. Read More ...
Accounting Resources: Timesaving Tricks for the FASB Codification
Jul 24, 2018Don’t be intimidated by the FASB Codification! This blog post makes sense of the preeminent resource of all U.S. GAAP accounting resources. Read More ...
Clarifying guidance for contributions under ASC 958 has arrived!
Jul 17, 2018The FASB has issued ASU 2018-08, which clarifies whether a transaction should be accounted for as an exchange (ASC 606) or a contribution (ASC 958). Read More ...
Unanswered questions in ASC 606: Pre-production arrangements
Jul 10, 2018As 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 ...
Unanswered questions in ASC 606: Shipping and handling
Jul 03, 2018As 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 leasing standard (ASC 842) –06.29.18
Jun 29, 2018This GAAP Flash discusses the process of adoption ASC 842 and the challenges both public and private companies face as they prepare for adoption. Read More ...