by Moss Adams | Jun 15, 2021 | Articles, GASB, GASB 87, GASB 96, Government Accounting, Intangible Assets, Internal-Use Software and IT Subscriptions, Lease Accounting
Summary provided by MaterialAccounting.com: This article provides an overview of the new GASB standards, Statement 87 and Statement 96, to help entities prepare for implementation. After a delay, the Governmental Accounting Standards Board’s (GASB) lease accounting...
by Moss Adams | Apr 15, 2021 | Articles, ASC 842, Lease Accounting
Summary provided by MaterialAccounting.com: This article provides an overview of ASC 842 and tips for the implementation process. Implementing the Financial Accounting Standards Board’s (FASB) Accounting Standard Codification® (ASC) Topic 842, Leases, has...
by Moss Adams | Mar 31, 2021 | Articles, ASC 350, ASC 350-20, Goodwill Accounting, Impairment, Intangible Assets, US GAAP Accounting
Summary provided by MaterialAccounting.com: This article summarizes the FASB standard update regarding triggering event analysis and resulting goodwill impairment. The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2021-03,...
by Moss Adams | Mar 5, 2021 | Articles, ASC 606, Revenue Recognition
Summary provided by MaterialAccounting.com: This article explains FASB’s standards update regarding how private company franchisors apply Topic 606. The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2021-02,...
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...
