Find latest publication on US GAAP,IFRS and Canadian ASPE
Find latest publication on US GAAP,IFRS and Canadian ASPE
EY FRD publication on credit impairment under ASC 326 has been updated to reflect ASU 2020-03, Codification Improvements to Financial Instruments, and for the March 2020 FASB staff’s response to a technical inquiry related to the timing of insurance recovery…
A guide to revenue recognition assists middle-market companies in applying the new revenue recognition model in Topic 606, “Revenue from Contracts with Customers,” of the Financial Accounting Standards Board’s (FASB) Accounting Standards Codification (ASC). ASC 606 provides a robust framework for recognizing…
A guide to lessee accounting under ASC 842 assists middle-market lessees in applying the leases guidance in Topic 842, Leases, of the Financial Accounting Standards Board’s Accounting Standards Codification (ASC). The most significant change for lessees under ASC 842 is the recognition…
RSM US GAAP publication, A guide to accounting for investments, loans and other receivables under the new guidance affecting the accounting for financial assets, provides a high-level overview of the accounting for investment securities, loans and other receivables. Chapter 1…
RSM US GAAP publication, A guide to hedge accounting upon the adoption of ASU 2017-12, is intended to provide a high-level overview of hedge accounting based on the hedging subtopics within the Financial Accounting Standards Board’s Accounting Standards Codification, as…
For a variety of reasons, borrowers and lenders may renegotiate the terms of existing loans or exchange an existing loan for a new loan with the same lender. Naturally, there are accounting implications when the borrower and lender agree to…
The accounting for debt and equity instruments issued in financing transactions can be quite complicated due in part to the complexity inherent in certain instruments, the sheer volume of transaction documents that may need to be considered in performing the…
RSM US GAAP Guide to accounting for Business Combinations (fourth edition), was developed to help assist middle market companies in accounting for business combinations under Topic 805, Business Combinations, of the Financial Accounting Standards Board’s (FASB) Accounting Standards Codification. Applying…
Although today’s revenue recognition guidance applies the same accounting model across all industries, there are a number of unique considerations when accounting for software and software-as-a-service (SaaS) arrangements. As you delve into these arrangements, we’ve developed a series of Q&As…
The FASB’s new standard on leases, ASC 842, is already effective for public companies and is replacing today’s leases guidance for other companies in 2021. This guide discusses lessee and lessor accounting under ASC 842. The first four chapters provide an introduction…