by Mind the GAAP | Dec 18, 2020 | Financing Arrangements
Mind the GAAP provided feedback to the FASB on its proposal to introduce a principles-based framework in accounting for modifications of equity-classified warrants. Mind the GAAP supports the FASB proposals, but has asked the Board to strongly consider limiting the scope of any new standard and to make a few additional suggested improvements to the overall framework.
by Mind the GAAP | Oct 7, 2019 | Financing Arrangements
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.
by Mind the GAAP | Oct 9, 2018 | Financing Arrangements
Mind the GAAP joined five other professional services firms in requesting that the FASB promulgate guidance on the accounting for warrant modifications – a transaction that has significantly increased in frequency over the past few years.