Category: Financial Reporting
Accounting Considerations for SPAC Target Companies
There are a number of considerations for target companies in preparing for the De-SPAC transaction,…
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FASB Offers Goodwill Impairment Alternative to Private Businesses, Nonprofits
FASB will allow provide private companies and nonprofits to use an accounting alternative to evaluate…
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Revenue Recognition Simplified for Franchises
FASB recently released an accounting standards update to provide a “practical expedient” allowing privately-owned franchise…
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FASB Provides Optional Relief for Contracts and Transactions Affected by Reference Rate Reforms
Earlier this year, the FASB provided optional expedients and exceptions for applying U.S. GAAP to…
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SEC Eliminates & Amends Certain Disclosure Requirements of Regulation S-K
In November, the SEC adopted more amendments to the disclosure requirements of Regulation S-K for public companies...
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FASB Clarifies Presentation and Disclosures By Nonprofit Entities For Contributed Nonfinancial Assets
The FASB has issued ASU 2020-07, (“Update”) to clarify the presentation and disclosure of contributed…
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SEC Amends and Streamlines Regulation S-K Disclosures
the SEC adopted amendments to the description of business, legal proceedings, and risk factor disclosure requirements of…
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FASB Simplifies Accounting for Complex Financial Instruments
FASB simplified the accounting for convertible instruments by eliminating large sections of the existing guidance…
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SEC Reporting for Smaller Reporting Companies (SRCs)
As the economic landscape continues to evolve, companies have an opportunity to seek relief from…
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SEC Proposed Changes to the Exempt Offering Framework
On March 4th, the SEC issued a proposal to improve the exempt offering framework (framework) used by…
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