Recent articles
GASB 96: A Comprehensive Example of SBITA Accounting
Learn how to account for SBITA under GASB 96.
Lease Accounting on the CPA Exam: Changes & What You Need to Know
Recent changes to the CPA exam are highlighted.
Practical Expedient in Accounting Explained: Adopting ASC 842 and IFRS 16 with Ease
How to account for practical expedient.
FASB Issues Practical Expedient for Private Franchisors Applying Topic 606
Learn how private company franchisors apply Topic 606.
FASB Flash Report – April 2021
ASU 2021-03 simplifies the goodwill triggering event evaluation process for private companies.
FASB Simplifies How Private Company Franchisors Identify Certain Performance Obligations
February 2021 The FASB issued ASU 2021-02 (“ASU”) to provide franchisors that are not public business entities with a practical expedient to account for certain pre-opening services as distinct from the franchise license when identifying performance obligations under...