As preparers brace to implement ASC 842 and recover from implementing IFRS 16, let’s take a look at a common issue preparers face: low-value leases. Read More ...
Accounting for Initial Direct Costs Under ASC 842
Sep 17, 2019How do you account for the initial direct costs of obtaining a lease under ASC 842? Read More ...
Will you marry me? There are so many current proposals to talk about!
Sep 10, 2019While we may be wrapping up this year’s wedding season, proposals are going strong! We’re here today to provide a brief update on current FASB and SEC proposals. Read More ...
Consideration of a Significant Financing Component under ASC 606
Sep 03, 2019Did you know that ASC 606 requires consideration of a significant financing component when determining the transaction price for revenue recognition? Read More ...
Potential Quantitative Impact of CECL on Banks: Learning from IFRS 9
Jul 23, 2019How much will allowances increase for CECL? While differences exist between the models, CECL adopters can learn from IFRS 9 implementation results. Read More ...
Identifying and Accounting for Embedded Derivatives under ASC 815
Jul 16, 2019Scared of embedded derivatives? Don’t be! Using a “real-life” example, this post walks through the accounting for embedded derivatives under ASC 815. Read More ...
Resources for Accounting for Business Combinations (ASC 805)
Jul 09, 2019Accounting for business combinations under ASC 805 is not easy. This list of our top external and internal resources can help guide you through it. Read More ...
Control Premiums – Do They Count?
Jul 02, 2019Estimating fair value for private equity funds under ASC 820 can be a challenge, particularly when holding a controlling interest in an investee. Read More ...