by Moss Adams | Jan 6, 2021 | Articles, ASC 606, Revenue Recognition, US GAAP Accounting
Summary provided by MaterialAccounting.com: This article explains FASB’s proposed improvements for acquired revenue contracts with customers in regards to Topic 606. In effort to address the inconsistency and diversity in practice for the accounting of acquired...
by Moss Adams | Jan 5, 2021 | Articles, ASC 350, ASC 350-20, Goodwill Accounting, Impairment, Intangible Assets, US GAAP Accounting
Summary provided by MaterialAccounting.com: This article summarizes FASB’s proposed update concerning how private companies and not-for-profit entities evaluate goodwill impairment triggering events. On December 21, 2020, the Financial Accounting Standards...
by Moss Adams | Oct 9, 2020 | Articles, GASB, Government Accounting
Summary provided by MaterialAccounting.com: This article provides information about changes to the new GASB accounting standards, particularly GASB 97. The Governmental Accounting Standards Board (GASB) issued Statement No. 97, Certain Component Unit Criteria, and...
by Moss Adams | Sep 24, 2020 | Articles, Fixed Asset Accounting, PP&E (Property, Plant, & Equipment)
The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2020-07, Not-for-Profit Entities (Topic 958): Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets, on September 17, 2020. The ASU is...
