Today, Mind the GAAP provided feedback on approximately 85 projects that stakeholders have asked the FASB to consider undertaking. We further identified one additional area – Subsequent Events – that we believe requires wholesale reconsideration.
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Scott Ehrlich spoke with the CPA Journal on whether the FASB’s newly finalized Concepts Statements will change the way practitioners will apply U.S. GAAP.
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In this Wall Street Journal article, Scott Ehrlich of Mind the GAAP offers his views on one of the projects the FASB may add to its standard setting agenda – whether companies should record assets for internally-generated intangible assets and, if so, at what value.
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Mind the GAAP supports the FASB’s efforts to simplify the accounting for share-based consideration issued by a reporting entity as a customer incentive.
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The FASB has proposed to clarify the accounting for warrants and other stock-based payments received from a customer. Mind the GAAP supports the FASB’s proposals but has recommended clarifications to improve the FASB’s suggested guidelines.