COVID-19: What Can Pre-IPO Companies Do?
Without question, the IPO market has essentially come to an abrupt halt. As most investors, executives and employees alike [...]
INSIGHTS
Accounting and Financial Reporting
The Impact of COVID-19: Interim Period (Trigger-Driven) Impairment Testing Considerations
As a result of COVID-19’s expanding impact on business operations and business continuity, both auditors and the accounting regulatory [...]
Impairment Testing Part II: Qualitative Assessments and Quantitative Analyses
In "Impairment Testing Part I," we discussed the nuances of impairment testing. In this post, we will cover the [...]
Next Steps for ASC 606 – Beyond Compliance
ASC 606, Revenue from Contracts with Customers, introduced a new principles-based 5-step revenue recognition model with the intent to [...]
ASC 606 – The Time is Now
The new revenue standard is here! Calendar year-end private companies are required to adopt Accounting Standards Codification 606 (“ASC [...]
Earliest revenue restatements fix adoption problems
This article originally appeared on November 6, 2018 by Compliance Week. https://www.complianceweek.com/news/alert/earliest-revenue-restatements-fix-adoption-problems While most public companies have yet to [...]
Reminder: FASB Has Raised Bar With Business Definition Clarification
In early 2017, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2017-01, Clarifying the Definition of a [...]
Compliance Week Features Insights From Chris Clapp on New Accounting Rules for Mergers and Acquisitions
This article originally appeared on February 27, 2018 in Compliance Week In M&A, SEC hints at relief over accounting [...]
Watch and Learn – All You Need to Know About ASC 606
This webinar was presented as part of a recent event co-hosted by Insight Venture Partners and MorganFranklin Consulting to help companies [...]
Trouble Spots When Implementing ASC 606 Revenue Recognition Standard
Private companies that are beginning to assess the impact of the new standard can draw upon lessons learned and [...]