Investment companies require special considerations for their accounting and financial reporting. That’s why there is industry-specific guidance in ASC 946. Read More ...
Is Valuing Equity Instruments at Cost Permissible Under IFRS 9?
Sep 18, 2018Can cost be used as an appropriate estimate of fair value for equity investments under IFRS 9? Let’s see what the guidance permits. Read More ...
ASU 2018-15: Cloud computing arrangements for service contracts
Sep 11, 2018The FASB recently issued ASU 2018-15 to clarify implementation cost accounting rules for service contracts in cloud computing arrangements. Read More ...
Resources for the New Revenue Standards (ASC 606 / IFRS 15)
Sep 10, 2018A compilation of links to our revenue-related blog posts, resources, and online training related to the new revenue recognition standards (ASC 606 and IFRS 15). Read More ...
ASC 326: Accounting for Purchased Assets with Credit Deterioration
Aug 28, 2018ASC 326’s changes the accounting for credit losses. Let’s take a look at the impact on purchased financial assets with credit deterioration. Read More ...
CECL: Can there be zero expected credit losses under ASC 326?
Aug 21, 2018The new CECL model requires an entity to record lifetime expected credit losses for financial instruments, but can that expectation ever be zero? Read More ...
Transition Relief for Entities Adopting ASC 842
Aug 07, 2018Transitioning 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 ...