ACCOUNTING, AUDITING & ATTEST SERVICES

A Look at Fair Value Measurement — ASC 820 Level 3
 

A Look at Fair Value Measurement — ASC 820 Level 3

Posted: September 13, 2017
ASC 820 defines fair value, establishes a framework for measuring it and expands disclosures about fair value measure­ments. Find out how to interpret this measurement further.

FASB Issues Improvements to Hedge Accounting
 

FASB Issues Improvements to Hedge Accounting

Posted: August 28, 2017
The Financial Accounting Standards Board has issued a final Accounting Standards Update that will improve and simplify accounting rules around hedge accounting. The ASU is effective for public companies in 2019 and private companies in 2020.

6 Tips for Adopting the New Revenue Recognition Standard
 

6 Tips for Adopting the New Revenue Recognition Standard

Posted: August 23, 2017
There may be one, five-step model for all companies to follow in adopting the new revenue recognition standard, but there is considerable accounting judgment to be applied as we move away from a rules-based model. Here are some tips.

Why Lease Accounting Laggards Face Serious Risk
 

Why Lease Accounting Laggards Face Serious Risk

Posted: August 16, 2017
Gathering all of an organization's lease contracts and extracting the data to comply with new lease accounting rules can be an arduous task. Here's what organizations need to consider as they implement the new Financial Accounting Standards Board rules - and why it's smart to start that work promptly.

Convergence of Global Accounting Standards
 

Convergence of Global Accounting Standards

Posted: August 9, 2017
Will U.S. GAAP and IFRS ever fully converge? Conversion can be costly for companies. Changes in technology, tax reporting requirements and compensation systems are a few of the many areas that may be cost prohibitive.



 Companies Still Lagging on Adopting Lease Accounting Standard
 

Companies Still Lagging on Adopting Lease Accounting Standard

Posted: June 30, 2017
According to the recent survey of more than 600 finance executives from a variety of industries, 23 percent of organizations haven’t even started assessing the impact of the changes, while 52 percent are still in the assessment phase.

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