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Mind the GAAP Issues Joint Comment Letter on the FASB’s Proposed Practical Expedient for Nonpublic Franchisors

by Mind the GAAP | Nov 5, 2020 | Revenue Recognition

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.

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Revenue from Contracts With Customers – Software Industry (a Mind the GAAP/BDO publication)

by Mind the GAAP | May 13, 2015 | Revenue Recognition

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers. ASU 2014-09 establishes comprehensive accounting guidance for revenue recognition and will replace substantially all existing U.S. GAAP on this topic…

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Revenue from Contracts With Customers – Hardware Industry (a Mind the GAAP/BDO publication)

by Mind the GAAP | May 13, 2015 | Revenue Recognition

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers. ASU 2014-09 introduces new Accounting Standards Codification Topic 606. ASC Topic 606 could significantly change revenue recognition for the hardware industry…

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In Brief vol. 15 Divergence Around the “Converged” Revenue Standard

by Mind the GAAP | May 1, 2015 | Revenue Recognition

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)…

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Categories

  • Cloud Computing (1)
  • Business Combinations (4)
  • Earnings Per Share (1)
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  • Financing Arrangements (3)
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  • Leases (5)
  • Revenue Recognition (4)
  • Share-Based Payment Awards (1)
  • Other Topics (5)

Recent Posts

  • Mind the GAAP and Wipfli Suggest FASB Areas of Focus

    October 10, 2021
  • Companies to Disclose Limited Details on Government Assistance

    June 30, 2021
  • Private Companies, Nonprofits Get New Accounting Rules to Ease Goodwill Triggering Event Assessment

    March 31, 2021
  • Mind the GAAP and Wipfli Issue Comment Letter on IFRS Discussion Paper on Goodwill Amortization

    December 21, 2020
  • Mind the GAAP Issues Joint Comment Letter on the FASB’s Proposed Practical Expedient for Nonpublic Franchisors

    November 5, 2020

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