by Mind the GAAP | Mar 20, 2018 | Cloud Computing
An increasing number of software providers are requiring their customers to purchase cloud-based access to the exact same software that was once offered through traditional licenses. U.S. GAAP provides guidance on how companies that license software should account for the costs of acquiring and implementing that software. But similar guidance doesn’t exist on how to account for costs associated with implementing a cloud-based arrangement. The FASB has attempted to fix this omission, and Mind the GAAP has provided feedback in a comment letter.
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by Mind the GAAP | May 4, 2017 | Share-Based Payment Awards
Mind the GAAP is generally supportive of the proposed amendments to simplify the accounting for nonemployee share-based payment transactions. However, we believe that the proposed standard should address a specific practice issue we see at many of our clients.
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by Mind the GAAP | Mar 7, 2017 | Other Topics
Scott Ehrlich from Mind the GAAP shares his views on how the new revenue guidelines in ASC 606 can affect executive compensation programs.
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by Mind the GAAP | Dec 5, 2015 | Financial Statement Presentation
We are generally supportive of the Proposed ASU. Each reporting entity is unique and should be allowed to exercise discretion in determining which disclosures are most meaningful and relevant for the primary users of its financial statements…
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by Mind the GAAP | Nov 28, 2015 | Financial Statement Presentation
At its November 2015 meeting, the FASB’s Emerging Issues Task Force (EITF) reached tentative conclusions on eight of the nine issues relating to the classification of certain cash receipts and payments on the statement of cash flows…
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