News & Insights
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.
Read more
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.
Plan for New Accounting Rules on Software Cost
Shortly, the FASB will be proposing sweeping new rules around the accounting for software development costs. The Wall Street Journal asked Scott Ehrlich, President of Mind the GAAP, to share his perspectives on the FASB recommendations.
The Future of the Private Company Council (PCC)
The FASB Trustees have asked for feedback on the Private Company Council, or PCC. In this Thompson Reuters article, Scott Ehrlich of Mind the GAAP shares his thoughts on both PCC successes and areas for potential improvement.
A Reprieve from Big Accounting Standards?
In this Thompson Reuters article, Scott Ehrlich, President of Mind the GAAP, shares his views on whether 2024 will bring relief to weary accountants, who have spent the past few years adopting major standards on revenue, leases, and credit losses.
FASB Considering Incorporating IFRS Rules on Government Grants
US GAAP currently does not include guidance for recognizing or measuring government grants, a ‘gap in GAAP’ that was magnified during the pandemic. In this article, Bloomberg asks Scott Ehrlich about the benefits and costs of incorporating longstanding IFRS guidance on government grants into the Codification.
Was CECL Responsible for the Fall of Silicon Valley Bank?
The CECL model in ASC 326 was designed to prevent bank failures like Silicon Valley Bank. So what happened? The Thompson Reuters news service interviewed Scott Ehrlich of Mind the GAAP to get his perspectives on the collapse.
Mind the GAAP Issues Joint Comment Letter on FASB Common Control Leases Proposal
The FASB has proposed to address longstanding questions in applying ASC 842 to leases between entities under common control. Mind the GAAP and Wipfli, LLP wrote a letter to the FASB expressing our concerns with the proposal.
New Disclosures of Supplier Finance Program Obligations
In this article published by Thompson Reuters, Scott Ehrlich of Mind the GAAP shares his thoughts on the new FASB standard that requires disclosures around a company’s use of supplier finance programs.
Mind the GAAP and Wipfli Issue Joint Comment Letter on Accounting for Government Assistance
The FASB is exploring adding specific guidance on accounting for government grants into US GAAP, leveraging IAS 20. While IAS 20 has “stood the test of time”, Mind the GAAP and Wipfli believe that there may be some unintended consequences if it were to be fully incorporated into GAAP, especially for not-for-profits and any entity that receives below-market interest rate loans from a government agency.
Visit our news and insights, a complementary series of publications and podcasts on current accounting matters.
Check out some of our recent accounting training topics and watch one of our sessions.
Quick connect with Scott Ehrlich, President of Mind the GAAP, to learn more about our firm.