ASU 2015-08: Eliminating Superseded SEC Guidance on Pushdown Accounting
By: Ken Brackney, Ph.D. The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2015-08, Pushdown Accounting: Amendments to...
Business Combinations (Topic 805)
By: Nicholas Lombardi Jr., CPA ASU No. 2014-18 Accounting for Identifiable Intangible Assets in a Business Combination Under current professional...
A Review of ASU 2014–12
By: Art Winstead It’s all about the timing. ASU 2014–12 was issued to provide explicit guidance as to the timing,...
ASU 2014-17: Pushdown Accounting
By: Ken Brackney Can acquirees in business combinations adopt the same new basis of accounting the acquirer uses? The Financial...
Applying Variable Interest Entities Guidance to Common Control Leasing Arrangements—A Consensus of the PCC
By: Art Winstead The Private Company Council (PCC) was successful in having four of its recommendations accepted and issued by...
ASU 2014-14: Receivables—Troubled Debt Restructurings by Creditors (Subtopic 310-40)
By: Rob Hamilton Classification of Certain Government-Guaranteed Mortgage Loans Upon Foreclosure In August 2014, the Financial Accounting Standards Board (FASB)...
ASU 2014-04: Clarifying Physical Foreclosure
By: Wesley Allen Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans Upon Foreclosure The Financial Accounting Standards Board (FASB)...
ASU 2014-11: Transfers and Servicing
By: Dan Smeaton Topic 860—Repurchase-to-Maturity Transactions, Repurchase Financing, and Disclosures What is the issue? This issue is being addressed by...
ASU 2014-09: Transition Requirements
By: Ken BrackneyBlog Series: Revenue from Contracts with CustomersPost 6 of 6 This blog entry highlights the transition requirements for...
The New Revenue Recognition Standard: Step 5
By: Jonathan Kraftchick, CPA Blog Series: Revenue from Contracts with Customers Post 5 of 6 Recognize Revenue as the Performance...
