Goodbye Step 2. I never really liked you! This post explains the changes to goodwill impairment testing under U.S. GAAP in accordance with ASC 350. Read More ...
Unlock the Puzzle of Accounting for Foreign Currency (ASC 830)
Mar 20, 2018Volatility in currency markets has brought accounting for foreign currency into the spotlight. This post provides a nice overview of rules under U.S. GAAP (ASC 830). Read More ...
Is it Time to Give Hedge Accounting under ASC 815 Another Try?
Mar 13, 2018ASU 2017-12 offers a wide range of improvements to hedge accounting under ASC 815, aligning it more with risk management strategies and making it more operable. Read More ...
Accounting for Investments in Equity Securities (ASC 321): Part II
Feb 20, 2018A follow-up post discussing the accounting for investments in equity securities under ASC 321, specifically the measurement alternative. Read More ...
Overview of Accounting for Investments in Equity Securities (ASC 321)
Feb 06, 2018Accounting for investments in equity securities recently changed, creating an entirely new topic (ASC 321). Want to learn more? Check out this post! Read More ...
Gunga Galunga: Accounting for Nonrefundable Initiation Fees (ASC 606)
Jan 23, 2018Big hitter, the Lama, and, for answering his question on accounting for nonrefundable initiation fees under ASC 606, I received total consciousness! Read More ...
Top 5 Issues Noted in SEC Comment Letters
Jan 16, 2018The top SEC comment letter areas were reviewed by a panel at the AICPA Conference on Current SEC and PCAOB Developments held in early December. Read More ...
Taxes and the new lease accounting standard (ASC 842)
Jan 09, 2018Entities are getting ready to implement ASC 842, but how are tax accounts and returns impacted? This post explores the tax impacts of the new lease accounting standard. Read More ...