FASB

Recent Activity

Member's Profile
Jane Levin
(Corporate Controller at Private)
What is the difference between IRC 409a and FASB ASC 718? And for a U.S. c-corp do I need to worry about ASC 718?
Member's Profile
Christie Jahn
(CFO at Atlantic Wireless Communications)
I was reading on CFO.com the new regulations being implemented by FASB, while not scheduled to take place until 2018, the impacts could have significant impacts. Are you taking any...
Member's Profile
jeff campbell
(Chief Financial Officer at New Context Services, Inc.)
The agreement has multiple milestone payments. The determination of the payment schedule was to improve cash-flow on the project. The amount of the payments do not represent the value...
Anonymous Member
Anonymous
(Financial Manager)
I'd like to get some perspective on situations that may arise in our organization and be sure that we are compliant withing GAAP/FASB guidelines. We've recently switched from...
Member's Profile
Stephen Ambler
Title: Director of Service & Delivery
Company: RoseRyan
(Director of Service & Delivery at RoseRyan)
Companies will no longer have to call out extraordinary items on the income statement following the Financial Accounting Standards Board’s recent issuance of an accounting...
Member's Profile
Wayne Spivak
(President & CFO at SBAConsulting.com)
Ed Trott, a former member of FASB writes in the CFO.com article that we need to simplify the rules. Does Ed go far enough in his simplification model? I think not, and the reason may...
Member's Profile
Steve Jackson
Title: Consultant
Company: RoseRyan
(Consultant at RoseRyan)
While large valuation acquisitions of entire companies (for example, Facebook acquiring WhatsApp for $19 billion) grab the headlines, the majority of the acquisitions are for just a...
Member's Profile
Chris Shumate
(Corporate Accountant at Empire Corporation of Tennessee, Inc.)
Revenue recognition as it relates to the FASB has been a topic for quite a while. I work in the construction industry which is slated to have a very big change in the way its revenue...
Member's Profile
Kelley Wall
Title: Director of Technical Accounting
Company: Trimble Navigation Limited
(Director of Technical Accounting at Trimble Navigation Limited)
After more than a decade in the making, the FASB and the IASB finally issued new revenue recognition rules. Now if the boards needed that kind of a runway, how hard will it be for...
Member's Profile
Jim Brendel
Title: Partner
Company: Hein & Associates LLP
(Partner at Hein & Associates LLP)
Two little known FASB changes help start-ups, real estate and oil and gas companies I’m a CPA, and I’m here to tell you financial reporting became simpler and easier to use...
Member's Profile
Daniel Berube
Title: Controller
Company: Tensoft, Inc
(Controller at Tensoft, Inc)
On May 28th the FASB and IASB issued the combined revenue recognition standard due to be effective for the first interim period within annual reporting periods beginning after December...
Member's Profile
Stephen Ambler
Title: Director of Service & Delivery
Company: RoseRyan
(Director of Service & Delivery at RoseRyan)
Having been involved in accounting for over 30 years, I have seen quite a few changes in accounting requirements, all enthusiastically introduced to “help the reader understand...
Member's Profile
Diana Gilbert
Title: Senior Consultant
Company: RoseRyan
LinkedIn Profile
(Senior Consultant at RoseRyan)
We’ve been hearing about it for years. Finally, the result of the joint project between the FASB and the IASB to update and consolidate accounting standards for revenue...
Anonymous Member
Anonymous
(Finance/Accounting Manager)
Hello, I am looking for some feedback as it relates to the accounting for crowd-funded projects. I am the only accountant at a small start-up in San Francisco that just completed a...
Member's Profile
Jim Brendel
Title: Partner
Company: Hein & Associates LLP
(Partner at Hein & Associates LLP)
Dodd-Frank rulemaking, slow progress toward convergence highlight a year of catching up to the economy In financial reporting, 2013 was a year of slow progress in overhauling...
Member's Profile
Tim Williams
(CFO at Private)
I am trying to make sure that I am "up to speed" on FAS 133 accounting given Frank Dodd. Does anyone have good resources to share on staying on top of FAS 133 related...
Member's Profile
Stephen Ambler
Title: Director of Service & Delivery
Company: RoseRyan
(Director of Service & Delivery at RoseRyan)
The other day a client asked which current accounting requirement is the worst from a U.S. GAAP standpoint. There are a few poor standards out there, but to me the answer is easy:...
Anonymous Member
Anonymous
(Finance Director)
Is anyone able to recommend a resource (e.g. book, subscription service or website) which will provide US accounting and reporting requirements on a federal and state-by...
Member's Profile
Jim Timmins
Title: Managing Director
Company: Teknos Associates
(Managing Director at Teknos Associates)
Responding to concerns from companies that the annual process of quantitatively testing intangible assets for impairment was too difficult and too costly, the FASB changed the process...