Tag: gaap

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Cryptocurrency: The Top Things You Need to Know

The world of crypto investing is still relatively uncharted territory. It is important to understand…

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Why Companies Need to Put a Price Tag on Intangible Assets
Putting a Price Tag on Intangible Assets

In today’s marketplace, patents, copyrights, brands, customer lists and other intangible assets add significant value…

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Purchase Price Allocations: Acquiring Minds Want to Know
Purchase Price Allocations: Acquiring Minds Want to Know

When planning to merge with or acquire another company, a business owner needs to identify…

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Summary of Key Tax Reform Implications on Accounting Methods
Summary of Key Tax Reform Implications on Accounting Methods

Two tax reform provisions present unique opportunities for businesses to file accounting method changes to…

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Revenue Recognition for the Manufacturing Industry
Revenue Recognition for the Manufacturing Industry

Companies have started gearing up to implement new revenue recognition standards, more formally known as…

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Reminder SEC SAB 74 Disclosures and Controls for New Accounting Standards
Reminder: SEC SAB 74 Disclosures and Controls for New Accounting Standards

SEC Reminds Issuers: To make disclosure of status of implementation of new accounting standards –…

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New Revenue Recognition Standard: Frequently Asked Questions
Revenue Recognition Standard: FAQs

On May 28, 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers. It…

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How the New Changes to Lease Accounting Could Affect Your Nonprofit
How the New Changes to Lease Accounting Could Affect Your Nonprofit

In early 2016 a much-anticipated accounting standard was released on how to treat leases. This…

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FASB Clarifies the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets
FASB Clarifies Consolidation Guidance for Not-for-Profit Entities
FASB Clarifies Consolidation Guidance for Nonprofit Entities

The FASB recently issued ASU 2017-02[1] to clarify when a not-for-profit entity (NFP) that is…

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