by GAAP Dynamics | Apr 19, 2022 | Articles, IFRS Accounting
IFRS 9 fundamentally changed the way financial instruments were accounted for and reported under IFRS. The standard was issued in various phases, taking years to develop and issue. Given the topic and the extent of the changes in the standard, it generally takes hours...
by GAAP Dynamics | Feb 22, 2022 | Articles, ASC 842, Lease Accounting, US GAAP Accounting
Summary provided by MaterialAccounting.com: Do you need help adopting ASC 842? The article below provides information about transition requirements the practical expedients available that may help with transition. ASC 842, Leases became effective for public...
by GAAP Dynamics | Jan 25, 2022 | Articles, ASC 842, Lease Accounting, US GAAP Accounting
Summary provided by MaterialAccounting.com: This article breaks down three practical expedients under ASC 842 to help make the transition to the new standard easier for private companies. The time has come for private companies to implement ASC 842 Leases. Such...
by GAAP Dynamics | Jan 11, 2022 | Articles, ASC 842, Debt, Discount Rates, Lease Accounting, US GAAP Accounting
Summary provided by MaterialAccounting.com: This article discusses recent changes to ASC 842 as we reach the effective date for the new standard. — Last minute change? I thought the new guidance on leases (ASC 842) has been around for a while? Well, it has. The...
by GAAP Dynamics | Nov 30, 2021 | Articles, CECL, Financial Services, Industry Accounting, Investment Accounting
Accounting for troubled debt restructurings (TDRs) has always been a pain point for many accountants, especially those who work in or have clients in the banking industry. The implementation of ASC 326, the current expected credit loss (CECL) standard, didn’t make...
