While we may be wrapping up this year’s wedding season, proposals are going strong! We’re here today to provide a brief update on current FASB and SEC proposals. Read More ...
Warren Buffett’s disdain of ASC 321, Investments in Equity Securities
Mar 05, 2019ASC 321 seems to have developed a love/hate relationship with accounting professionals. Warren Buffett is one who does not love the new requirements! Read More ...
The twelve days of Christmas – AICPA style!
Dec 18, 2018We are highlighting the 2018 AICPA Conference on Current SEC and PCAOB Developments through one of our favorite Christmas songs! Read More ...
GAAP Flash – Summarizing the adoption of ASC 606 – 11.30.18
Nov 30, 2018This month’s GAAP flash includes articles about lessons learned from public companies adopting ASC 606, and advice for private company adoption. Read More ...
Impairments of financial instruments are changing under IFRS 9!
Nov 06, 2018Under IFRS 9, impairments are now recognized based on an expected credit loss model vs. an incurred loss model under previous guidance (IAS 39). Read More ...
Is it a business (ASC 805)? ASU 2017-01 provides clarity!
Oct 30, 2018The definition of a business (ASC 805) was too broad. ASU 2017-01 clarified the situation and now it looks like the IASB has plans for IFRS 3 too! 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 ...