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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 (2)
  • Earnings Per Share (1)
  • Credit Losses (1)
  • Financial Statement Presentation (3)
  • 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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