Find latest publication on US GAAP,IFRS and Canadian ASPE
Find latest publication on US GAAP,IFRS and Canadian ASPE
Companies often consider divestitures to raise capital or maximize shareholder value. A divestiture may take the form of a sale of all or a portion of a business, a spin-off of all or a portion of a business to existing…
ASC 420 establishes an accounting model for costs associated with exit or disposal activities, including restructuring activities. Under this model, a liability for costs associated with an exit or disposal activity should be recognized and initially measured at fair value…
The accounting guidance in ASC 410-20 applies to legal obligations associated with the retirement of long-lived assets that result from the acquisition, construction, development and/or the normal operation of a long-lived asset. A legal obligation is an obligation that a…
ASC 740 allows companies to apply the flow-through method or the deferral method when accounting for investment tax credits. However, that foundational policy choice is followed by a series of additional policy choices that can lead to varied financial reporting…
KPMG addresses the key accounting and financial reporting issues facing companies moving through the various stages of Chapter 11 – with Q&As, interpretive guidance and examples in US GAAP. Applicability All companies contemplating Chapter 11 bankruptcy, in Chapter 11 bankruptcy,…
This PwC guide serves as a compendium of many of today’s presentation and disclosure requirements included in US GAAP, including relevant references to and excerpts from the FASB’s Accounting Standards Codification (the Codification). It also provides our insights and perspectives,…
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…