Fair value (FASB ASC 820) is defined as “the price that would be received to sell an asset or paid...
By: Nicholas Lombardi Jr., CPA ASU No. 2014-18 Accounting for Identifiable Intangible Assets in a Business Combination Under current professional...
This blog post was submitted and written by the NCACPA Accounting & Attestation Committee. FASB recently issued a proposed Concepts...
By: Jeff Carlini Background FASB recently released ASU 2014-03 entitled Accounting for Certain Receive-Variable, Pay-Fixed Interest Rate Swaps-Simplified Hedge Accounting...
By: Art Winstead It’s all about the timing. ASU 2014–12 was issued to provide explicit guidance as to the timing,...
By: Ken Brackney Can acquirees in business combinations adopt the same new basis of accounting the acquirer uses? The Financial...
By: Art Winstead The Private Company Council (PCC) was successful in having four of its recommendations accepted and issued by...
By: Rob Hamilton Classification of Certain Government-Guaranteed Mortgage Loans Upon Foreclosure In August 2014, the Financial Accounting Standards Board (FASB)...
By: Wesley Allen Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans Upon Foreclosure The Financial Accounting Standards Board (FASB)...
By: Dan Smeaton Topic 860—Repurchase-to-Maturity Transactions, Repurchase Financing, and Disclosures What is the issue? This issue is being addressed by...