This post explores why determining whether the transaction is an asset purchase or business combination is a common issue under ASC 805. Read More ...
GAAP Flash! CECL under Topic 326 and Other Accounting News – 06.17.16
Jun 17, 2016Accounting news about the new CECL model (Topic 326), negative interest rates, COSO updates, and a why Microsoft needs to borrow money for its purchase of LinkedIn. Read More ...
5 Issues Related to Accounting for Business Combinations under ASC 805
Jun 14, 2016Accounting for and auditing business combinations under ASC 805 is tricky! This post talks about the top five issues associated with these transactions. Read More ...
GAAP Flash! News for CPAs in Public Accounting – 06.10.16
Jun 10, 2016This week, we cover accounting news, including implementation issues of the new standards, assessing risk while innovating, and business combinations. Read More ...
Why Worry Now? Adopting ASC 606 / IFRS 15
Jun 07, 2016Companies delaying adoption of ASC 606 or IFRS 15 could face devastating impacts. This blog explores why companies should begin implementation NOW. Read More ...
GAAP Flash – News Stories Impacting Public Accounting – 06.03.16
Jun 03, 2016This week’s GAAP Flash is dedicated to news stories impacting public accounting, from innovation, to cybersecurity, to detecting fraud. Read More ...
Revenue Reminder: ASC 605 / SAB 104 & IAS 18
Jun 01, 2016ASC 606 is just around the corner, but restatements and enforcement actions highlight struggles of applying current revenue recognition guidance (ASC 605 / SAB 104 and IAS 18). Read More ...
Insights from PCAOB Inspection Reports: Wrestling with Independence
May 24, 2016PCAOB inspection reports show auditors continue to struggle with independence. This post highlights the most pervasive issue noted by inspectors. Read More ...