by CPA Journal | Sep 11, 2019 | Articles, Broadcasters, Cable Television, Debt, Entertainment, Film, Financial Services, Goodwill Accounting, Industry Accounting, Intangible Assets, US GAAP Accounting
About the Panelists Susan Cosper, technical director at FASB and recently appointed to be a member of the board; Robert Laux, region lead for North America at the International Integrated Reporting Council (IIRC); David Schmid, partner and...
by CPA Journal | Jul 24, 2019 | Articles, Auditing, Investment Accounting
In Brief There is a long history of businesses reporting non-GAAP financial measures, often to highlight a change in operating structure or illuminate the impact of a merger or acquisition. But since the 1990s, companies have increasingly used non-GAAP financial...
by CPA Journal | May 22, 2019 | Articles, GASB, Government Accounting
In Brief GASB recently updated its guidance on the reporting of assets held by governments in a fiduciary capacity. While the clarification on how to differentiate fiduciary and nonfiduciary component units and activities is welcome, the actual details of...
by CPA Journal | Apr 8, 2019 | Articles, ASC 606, Revenue Recognition, Transfer, US GAAP Accounting
In Brief Now that FASB’s new revenue recognition standard is effective, it is worth considering how well the guidance meets the goals originally set by the board. One of the original motives for the standard was to prevent fraud and abuse in the recognition of...
by CPA Journal | Mar 20, 2019 | Articles, ASC 606, Auditing, Revenue Recognition
About the Panelists The panel featured Meredith Canaday, CPA, partner in the department of professional practice at KPMG; Sheri Fabian, technical partner in the national professional standards group at Grant Thornton LLP; and Scott Taub, CPA, managing director at...
