Views on how restrictions on financial instruments impact the determination of fair value are evolving, potentially changing current practice for investment companies under ASC 946. Read More ...
Updates are not one-size-fits-all – Investment companies are special!
Oct 13, 2020Investment companies have unique accounting issues, so don’t settle for a generic annual update when you can have one that is industry-specific. Read More ...
COVID-19 & Investment Companies: New Virus, Same Old Accounting Issues
Apr 14, 2020COVID-19 presents similar accounting and reporting issues for investment companies as those experienced during the economic crisis over a decade ago. Read More ...
Cryptocurrency Accounting for Investment Funds: U.S. GAAP vs. IFRS
Dec 10, 2019Treatment of cryptocurrency highlights why U.S. GAAP remains preferable to IFRS as a basis of accounting for investment funds. Read More ...
Going Negative – Accounting for Investments with Negative Yields
Aug 20, 2019With negative interest rates sweeping the globe, this post explores how to account for investments with negative yields under both U.S. GAAP and IFRS. 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 ...
Recognizing revenue under ASC 606 when good contracts go bad
May 07, 2019ASC 606 requires us to consider collectibility to determine if a contract exists but what happens if things change after the contract is signed? Read More ...
It’s Not Always Easy to Look Through a Fund-of-Funds
Feb 26, 2019Private funds, including fund-of-funds, must apply a look-through test of indirect investments when populating the Schedule of Investments. Read More ...