Mind the GAAP and Wipfli recently wrote a short letter to the FASB highlighting a potential disclosure quirk affecting private companies adopting ASC 842, Leases, on a cumulative-effect basis. The firms have asked the FASB to issue a narrow scope amendment to address the issue.
Categories
- Cloud Computing (1)
- Business Combinations (2)
- Earnings Per Share (1)
- Credit Losses (1)
- Financial Statement Presentation (3)
- Leases (4)
- Revenue Recognition (4)
- Share-Based Payment Awards (1)
- Other Topics (6)
Recent Posts
Mind the GAAP Issues Joint Comment Letter on the FASB’s Proposed Practical Expedient for Nonpublic Franchisors
Mind the GAAP and Wipfli Comment on Proposed Changes to the Definitions of Assets and Revenue
FASB Considers Simplifying the Accounting for Partial Lease Terminations
Companies’ Goodwill Impairments Expected to Substantially Spike this Year
Mind the GAAP issues joint comment letter on the FASB’s Debt/Equity Simplification Proposals