New ASU removes references to the FASB Concepts Statements from GAAP
FASB ASU 2024-02 removes references to Concept Statements from GAAP across a variety of defined terms and Topics within the Codification.
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Presentation of acquired cash in a business combination
Example illustrates how to present acquired cash and consideration transferred in accordance with FASB ASC Topic 805.
FASB proposes guidance on crypto assets
Recently proposed FASB guidance would improve accounting and disclosure of certain crypo assets.
Lessor accounting under ASC 842
Our whitepaper explains contracts within the scope of Topic 842, as well as a lessor's accounting under ASC 842 for its contracts that are (or include) leases.
Performing a 401(k) retirement plan self-checkup
When an employer sponsors a retirement plan for its employees, it must carefully consider, and continually monitor, the plan provisions.