Mind the GAAP Issues Comment Letter on Share-Based Consideration to a Customer
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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Mind the GAAP Issues Comment Letter on Share-Based Consideration to a Customer
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.
Mind the GAAP Issues Joint Comment Letter on the FASB’s Proposed Practical Expedient for Nonpublic Franchisors
Mind the GAAP and Wipfli have responded to the FASB’s proposal to introduce a revenue recognition practical expedient for nonpublic franchisors. While we generally favor efforts to simplify existing accounting guidelines, we do not support moving forward with this specific project.
In Brief vol. 15 Divergence Around the “Converged” Revenue Standard
In May 2014 – after years of discourse, debate, and deliberations – the FASB and IASB (“the Boards”) issued a joint standard on revenue recognition (ASC 606 and IFRS 15)…