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FAF Redesigns FASB Website

CPA Practice

Have you been over to the Financial Accounting Standards Board’s (FASB) website lately? The group included representatives from the FASB, GASB, and the FAF’s publishing, IT, legal, administration, and communications teams. “We If not, it has a new look.

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Unlocking the Value: The Essentials of Purchase Price Allocation

Withum

A Purchase Price Allocation (“PPA”) is a financial accounting process that takes place after a business acquisition or merger. The purpose of a PPA is to determine the fair value of the acquired assets and liabilities, which is essential for accurate financial reporting. What is a PPA?

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Friday Footnotes: Big 4 Pride; KPMG Gets Snubbed; EY Goes on a Poaching Spree | 6.3.22

Going Concern

Accountant Finds Out Client Has “Skeletons In The Closet”, Gets The IRS Involved And Makes Him Lose Everything [ Bored Panda ] It was posted on Reddit so obviously it must be true. That is a far broader calculation than the old rules, which were based on losses expected imminently.

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GAAP: What It Is and Why Your Investors Expect It

inDinero Accounting

The history of GAAP dates back to 1929 when the Committee on Accounting Procedure was founded by the American Institute of Accountants and tasked with developing uniform accounting standards. The components of GAAP can be broken down into two main categories: accounting procedures and reporting standards.

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What Is ASC 606, and How Will It Impact My Company?

inDinero Tax Tips

For an executive or business owner, keeping up to date with accounting regulations is low on the to-do list. However, you should make an exception for “Accounting Standards Codification Topic 606: Revenue from Contracts with Customer” often referred to as ‘ASC 606’ or ‘FASB ASC 606’ What Is ASC 606?

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Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions – FASB Clarification and Early Adoption Option

Cherry Bekaert

Overview of New Guidance Last summer, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. A holder of equity securities subject to these legal restrictions must consider the impact of the restriction in the fair value measurement of the equity securities.

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How to Simplify Your Accounting in a Business Acquisition

Anders CPA

One of those being the accounting involved in combining businesses. To help simplify purchase accounting for business combinations involving private companies, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-18 back in December 2014.

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