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FASB

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Anonymous Member
Anonymous
(Sr. Manager Accounting and Finance)
For revenue recognition/reporting, if we offer discounts depending on how customers prepay, how do we recognize this? For example, if a monthly subscription is normally $50, but we...
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Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO at SBAConsulting.com)
An article on Bloomberg discusses disagreement between the SEC and Financial Accounting Standards Board on how carried interest should be reported. Besides the merits and weaknesses in...
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Atul Madahar
Title: Director
Company: Anonymous
(Director at Anonymous)
Dear Proformative Community: I consult for a small/mid-size bio/pharma lab equipment VAR and distributor. We market both wet and dry pharma equipment most which is a mix of commodity...
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...
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Diana Gilbert
Title: Senior Consultant
Company: RoseRyan
LinkedIn Profile
(Senior Consultant at RoseRyan)
One loud giant thud is the sound you’d hear if you printed out all 485 pages of the new lease accounting standard and threw it on your desk. Multiple giant thuds. That’s...
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Diana Gilbert
Title: Senior Consultant
Company: RoseRyan
LinkedIn Profile
(Senior Consultant at RoseRyan)
The Financial Accounting Standards Board has wrapped up some of their weightier projects that have taken up a lot of time (several years!) on their docket. Fortunately, they are giving...
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Jane Levin
Title: Corporate Controller
Company: Private
(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?
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Christie Jahn
Title: CFO
Company: Atlantic Wireless Communications
(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...
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Jeff Campbell
Title: Financial Consultant
Company: Independent Consultant - Freelancer
(Financial Consultant at Independent Consultant - Freelancer)
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
(unemployed)
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...
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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...
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Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(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: Senior Consultant
Company: RoseRyan
(Senior 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...
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Chris Shumate
Title: Accounting Manager
Company: Dominion Development Group, LLC
LinkedIn Profile
(Accounting Manager at Dominion Development Group, LLC)
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...
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Kelley Wall
Title: Director of Corporate Finance
Company: Trimble Navigation Limited
(Director of Corporate Finance 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...
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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...
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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...
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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...
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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...
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...