COVID-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 ...
Memorable quotes from the 2018 AICPA conference
Dec 18, 2018A quick video from Bob and Jenny of the memorable quotes from the 2018 AICPA Conference on Current SEC and PCAOB Developments. Read More ...
Identifying Fulfillment Cash Flows under IFRS 17, Insurance Contracts
Oct 16, 2018Fulfillment cash flows are basis for accounting for insurance contracts under the general measurement model in IFRS 17, but what are they? Read More ...