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Mind the GAAP issues joint comment letter on the FASB’s Debt/Equity Simplification Proposals

by Mind the GAAP | Oct 7, 2019 | Other Topics

Mind the GAAP and Wipfli recently responded to the FASB’s proposals on simplifying the accounting for debt and equity financings. The firms generally supported the FASB’s recommendations, but requested that the FASB reconsider one of its proposals and to expand the scope of the project to address stock-settled debt.

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Spike in Corporate Stock Buybacks Raises Speculation about Adequacy of Accounting Rules

by Mind the GAAP | Sep 19, 2019 | Earnings Per Share

In a recent article by the Thompson Reuters news agency, Scott Ehrlich, President of Mind the GAAP, shared his views on the current accounting requirements for share buy-backs. Read the article.

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A Strange Disclosure Quirk for Private Companies Adopting ASC 842

by Mind the GAAP | Jun 5, 2019 | Leases

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.

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Subsurface Rights – ASC 842 and IFRS 16 Convergence Gone Amuck

by Mind the GAAP | May 12, 2019 | Leases

Discussions at a recent IFRS Interpretations Committee highlight that international and U.S. practitioners may be interpreting new U.S. GAAP and IFRS leasing guidelines differently.

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The Intersection of ASC 606 and ASC 805: Recognition and Measurement of Assumed Contract Liabilities in a Business Combination

by Mind the GAAP | Apr 10, 2019 | Business Combinations

As companies, both public and private, adopt the new guidance in ASC Topic 606, Revenue from Contracts with Customers, certain unexpected practice issues have begun to emerge, including how to recognize and measure deferred revenue liabilities assumed in a business combination.

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  • Business Combinations (2)
  • Earnings Per Share (1)
  • Credit Losses (1)
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  • 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

    November 5, 2020
  • Mind the GAAP and Wipfli Comment on Proposed Changes to the Definitions of Assets and Revenue

    October 21, 2020
  • FASB Considers Simplifying the Accounting for Partial Lease Terminations

    October 16, 2020
  • Companies’ Goodwill Impairments Expected to Substantially Spike this Year

    March 31, 2020
  • Mind the GAAP issues joint comment letter on the FASB’s Debt/Equity Simplification Proposals

    October 7, 2019

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