Transitioning from ASC 840 to ASC 842 is proving to be time consuming and difficult; however, the FASB has issued a recent ASU providing relief. 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 – Lessons Learned from ASC Topic 606– 05.25.18
May 25, 2018This month’s GAAP Flash will help you avoid a few pitfalls in implementing ASC Topic 606, as well as give you some great questions to ask. Read More ...
Examining Contracts Under ASC 606: Material Rights
May 08, 2018What are material rights and how do they impact revenue recognition under ASC 606? This post answers exactly those questions. Read More ...
GAAP Flash - ASC 606, Dodd Frank, and A&A news - 03.09.18
Mar 09, 2018This week's GAAP Flash includes articles about the impact of ASC 606 implementation, the repeal of Dodd Frank provisions, and audit & accounting news. Read More ...
GAAP Flash - COSO, ASC 606, tax reform, and CECL - 02.16.18
Feb 16, 2018This week's GAAP Flash includes articles about assessing environmental risks, revenue recognition (ASC 606), tax reform, and loan losses (CECL). Read More ...
GAAP Flash - CECL, online transactions, and investigating ASC 606 - 01.26.18
Jan 26, 2018This week's GAAP Flash includes articles about bracing for CECL, transactions on your phone, cryptocurrency warnings, and an ASC 606 investigation. Read More ...