Recent articles
Investors want better disclosures on goodwill
The CFA Institute released the results Tuesday of a global survey of investment professionals on accounting for goodwill, related disclosures, and how those issues are affecting analysis and investment decision-making.The survey found that investors would prefer one...
What is an income tax provision?
<!--What is an income tax provision?--> Buckle your seatbelts because we’re about to go on an income tax provision ride. In this blog, we will be primarily focusing on current versus deferred portions of an income tax provision. Let’s begin by defining some...
New Government Assistance Disclosure Requirements
Learn the recent accounting updates to the topic 832.
Proposal to Eliminate Troubled Debt Restructuring (TDR) 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...
Government Fund Accounting: Types of Funds, Leases under GASB 87 w/ Journal Entries
An overview of government fund accounting under GASB 87
FASB Amendments to Topic 842 Risk-Free Discount Rate Practical Expedient
Learn about FASB updates to discount rates under ASC 842.