Fulfillment cash flows are basis for accounting for insurance contracts under the general measurement model in IFRS 17, but what are they? Read More ...
GAAP Flash – Important disclosure information – 09.28.18
Sep 28, 2018We’ve all been busy with adopting ASC 606 and preparing for ASC 842, but don’t let these important disclosure updates fall through the cracks! 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 ...
GAAP Flash– New Developments in the Tax Cuts and Jobs Act– 08.31.2018
Aug 31, 2018This GAAP Flash discusses the Tax Cuts and Jobs Act (TCJA), including the state and local tax deduction (SALT), depreciation, and the QBI deduction. 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 ...
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 ...
GAAP Flash – Change is in the Air at FASB, PCAOB & GASB – 07.27.18
Jul 27, 2018This month’s GAAP Flash will focus on some of the accounting and audit change that’s happening outside of the “Big 3” accounting standards. Read More ...
GAAP Flash– Preparing for the new lease accounting standard (ASC 842)
Jun 29, 2018This GAAP Flash discusses the process of adoption ASC 842, the new lease accounting standard, and the challenges both public and private companies face as they prepare for adoption. Read More ...