Impairment has been a hot topic recently. So exactly how do you calculate an impairment loss under ASC 326? This post walks you through the guidance. Read More ...
Example: Accounting for Unasserted Claims (ASC 450)
Jan 07, 2020This post provides an overview of the accounting for unasserted claims under ASC 450 using a quick example, including when to accrue and when to disclose! Read More ...
Top 5 Meme(ories) from the 2019 AICPA Conference
Dec 17, 2019Highlights of the 2019 AICPA Conference on Current SEC and PCAOB Developments held on December 9-11 2019 in a holiday-themed post. Read More ...
Cryptocurrency Accounting for Investment Funds: U.S. GAAP vs. IFRS
Dec 10, 2019Treatment of cryptocurrency highlights why U.S. GAAP remains preferable to IFRS as a basis of accounting for investment funds. Read More ...
Cryptocurrency: Is It A Financial Asset under IFRS?
Dec 03, 2019It may appear that cryptocurrency would be accounted for as a financial asset, but let’s see what the actual IFRS standards indicate. Read More ...
Our Favorite Resources for Accounting for Income Taxes (ASC 740)
Nov 26, 2019Accounting for Income Taxes under ASC 740 is always a challenge, but this collection of our favorite resources will make it a tad easier! Read More ...
Q&A from ASC 842 Leases: An Introduction to Lessee Accounting Webinar
Nov 12, 2019Missed our last webinar? See what peers are asking with this Q&A recap from our webinar on Lessee Accounting under ASC 842. Read More ...
Bring it back y'all! Amortizing goodwill (again) under ASC 350!
Oct 22, 2019The FASB continues to receive feedback from public companies stating that the cost of accounting for goodwill still outweighs the benefits! Read More ...