The type of warranty matters under the new revenue recognition standard (ASC 606). Let us walk you through the process of accounting for warranties! Read More ...
ASC 326 Credit Losses Changes the Accounting for Credit Impairment
May 22, 2018ASC 326’s new CECL model and other key provisions are expected to result in earlier recognition of credit losses. Read More ...
ASC 321- Investments in Equity Securities, friend or foe?
May 15, 2018ASC 321, Investments – Equity Securities has been adopted by public business entities, but is it “friend” or “foe”? Read More ...
Examining Contracts Under ASC 606: Material Rights
May 08, 2018What are material rights and how do they impact revenue recognition under ASC 606? This post answers exactly those questions. Read More ...
Let’s Refresh! The Liquidation Basis of Accounting
May 01, 2018Let’s take another look at the liquidation basis of accounting, which should be applied when liquidation is imminent. Read More ...
Land Easements under the New Lease Accounting Standard (ASC 842)
Apr 24, 2018This post explores ASU 2018-01, which provides clarification for the accounting for land easements under the new lease accounting standard, ASC 842. Read More ...
Foreign Currency Translation (ASC 830) and Cash Flows - Plug the Flow?
Apr 17, 2018Having trouble accounting for foreign currency translation under ASC 830 in the statement of cash flows? You're not alone! This post discusses the issue. Read More ...
Do It For The Kids (Properly Assess Going Concern under ASC 205, That Is!)
Apr 03, 2018Toys-R-Us announced its liquidating, so when did they disclose substantial doubt about their ability to continue as a going concern under ASC 205? Read More ...