Get up to speed on the requirements for classification and measurement of debt securities under IFRS 9 Financial Instruments with this post! Read More ...
GAAP Flash – Changing ASC 350, Brexit and ASC 815, and more – 10.14.16
Oct 14, 2016This week’s issue features changes to goodwill impairment testing under ASC 350, Brexit and hedging under ASC 815, the CFPB, and earnings management. Read More ...
5 Examples of Interactions to Spice Up Your eLearning Design for CPAs
Oct 11, 2016Are you a CPA? Does most online training bore you? Don’t settle! See five examples of interactions we used to “spice up” our eLearning design. Read More ...
GAAP Flash – ASC 740, changes from ASC 605 to ASC 606, CAQ – 10.06.16
Oct 07, 2016This week’s issue discusses ASC 740, coupons, incentives, and resources under ASC 605 and ASC 606, and considerations from the CAQ for 2016 audits. Read More ...
Accounting for Onerous Contracts under ASC 450 (FAS 5) and IAS 37
Oct 04, 2016Onerous contracts are not defined in ASC 450 (old FAS 5). So what is the proper accounting for onerous contracts under U.S. GAAP and does it differ from IFRS (IAS 37)? Read More ...
GAAP Flash – Accounting Fraud (ASC 740) and FCPA Fines – 09.30.16
Sep 30, 2016This week’s issue discusses accounting fraud (ASC 740), FCPA fines associated with bribes, and other news applicable to CPAs. Read More ...
Indefinite Reversal Criteria of ASC 740 (APB 23): A Worked Example
Sep 27, 2016How should entities apply the indefinite reversal criteria within ASC 740-30 (the APB 23 exception) in practice? This worked example shows you how! Read More ...
GAAP Flash – News about ASC 360, ASC 820, and ASC 606 – 09.23.16
Sep 23, 2016This week’s issue discusses impairment testing (ASC 360), fair value (ASC 820), and the latest on the new revenue recognition standard (ASC 606). Read More ...