Search Results

    Page  1 2
    Showing results 1 - 10 of 16
    Order by:

    EITF Guidance on Collaborative Arrangements

    Article In December 2007, the FASB ratified [approved] a previously-finalized Consensus of the Emerging Issues Task Force [EITF] that addresses accounting and reporting issues associated with collaborative arrangements.
    Published on May 28, 2014

    FASB ASC 952 Addressing Some Franchisor Accounting Issues

    Article In accounting for franchise arrangements, franchisors prepare financial statements using accounting principles generally utilized by other types of for-profit reporting entities, but some of the unique features of franchisor and franchisee relationships need to be addressed by applying some specific accounting guidance.
    Published on May 28, 2014

    Revenue Recognition - General Guidance

    Article Although the FASB and IASB are nearing completion of their joint project on revenue recognition, the effective date of that guidance will likely not be before 2016. Since we will continue to apply the current authoritative literature related to revenue for several more years, we will provide a review of
    Published on May 28, 2014

    Accounting and Financial Reporting Accounting at Formation of Joint Ventures

    Article A question often arises as to how a joint venture should recognize and measure noncash assets received from the venturers at formation of the joint venture. Currently no authoritative guidance exists that provides a direct answer on this issue.
    Published on May 28, 2014

    Disaster Losses Focusing on Accounting & Reporting Matters

    Article Businesses operating in locations where disasters occur commonly need to address negative ramifications associated with disastrous events, where those ramifications can be significant both in the short-term and in the long-term.
    Published on May 28, 2014

    SSAE No. 16 Some Implementation Questions & Answers

    Article Since the guidance in SSAE No. 16 can be early-implemented, several questions associated with the guidance have been asked, and many of those questions are addressed in these materials.
    Published on May 28, 2014

    Special Issues Related to Risks & Uncertainties

    Article Volatility and uncertainty in the business and economic environment result in the need to disclose information about the risks and uncertainties confronted by reporting entities. FASB ASC 275 requires disclosures that focus primarily on risks and uncertainties that could significantly affect the amounts reported in the financial statements in the
    Published on May 28, 2014

    Special Issues Related to Accounting for Inventories

    Article The primary authoritative guidance related to inventory is FASB ASC 330.
    Published on May 28, 2014

    Revenue Recognition Convergence is Achieved What is Next

    Article On May 28, 2014, the FASB and IASB issued a final, substantially converged revenue recognition standard.  The revenue recognition standard, Accounting Standards Update [ASU] 2014-09, Revenue from Contracts with Customers, will substantially replace the numerous industry based accounting and audit guides, which have been codified in the FASB Accounting Standard
    Published on June 18, 2014

    Revenue Recognition Special Issues

    Article Revenue usually is the largest single item in financial statements, and issues involving revenue recognition are among the most important and difficult issues that accountants face.
    Published on May 28, 2014

    Page  1 2
    Showing results 1 – 10 of 16
    Show Results per page
    Copyright © 2006-2014 American Institute of CPAs.