News & Insights
Subsurface Rights – ASC 842 and IFRS 16 Convergence Gone Amuck
Discussions at a recent IFRS Interpretations Committee highlight that international and U.S. practitioners may be interpreting new U.S. GAAP and IFRS leasing guidelines differently.
The Intersection of ASC 606 and ASC 805: Recognition and Measurement of Assumed Contract Liabilities in a Business Combination
As companies, both public and private, adopt the new guidance in ASC Topic 606, Revenue from Contracts with Customers, certain unexpected practice issues have begun to emerge, including how to recognize and measure deferred revenue liabilities assumed in a business combination.
Software companies react to FASB proposal on cloud computing implementation costs
Some software companies argue that a proposed FASB rule on costs associated with moving to cloud platforms would be overly burdensome. Scott Ehrlich from Mind the GAAP shares his views in this Bloomberg article.
Mind the GAAP Comments on the FASB’s Proposals On Cloud Computing Implementation Costs
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.
Mind the GAAP Comments on the FASB’s Proposals Around Nonemployee 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.
How the New Revenue Rules Impact Incentive Compensation Arrangements
Scott Ehrlich from Mind the GAAP shares his views on how the new revenue guidelines in ASC 606 can affect executive compensation programs.
The FASB’s New Guidelines and Their Effect on Leasing Arrangements (a Mind the GAAP/Moss Adams Publication)
In this guide, we focus on how the new lease accounting rules in ASC 842 apply to lessees…
Mind the GAAP comments on FASB’s Materiality Proposals
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…
In Brief vol. 17 EITF’s Proposed Classification of Certain Cash Receipts and Cash Payments
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…
Considerations for Companies and Auditors from Reg A+ Offerings
Earlier this year, the Securities and Exchange Commission (SEC) released final rules to facilitate access to capital by smaller companies. The rules actually expanded an existing set of SEC guidelines known as Regulation A…
Visit our news and insights, a complementary series of publications and podcasts on current accounting matters.
Check out the wide range of accounting topics around which we have developed training.
View samples of our customized virtual learning courses - interactive, effective, and budget-friendly!
Quick connect with Scott Ehrlich, President of Mind the GAAP, to learn more about our firm.