GAAP and IFRS

Financial Reporting

Bridging the Gaps in GAAP

Here are eight critical considerations for combating the creativity crisis in accounting.

Tony Wayne
October 16, 2019
GAAP and IFRS

Has Non-GAAP Reporting Become an Accounting Chasm?

Aggressive use of non-GAAP numbers is creating a crisis in how investors, analysts, and the media report financial performance and value companies.
GAAP and IFRS

FASB Proposes Later Standards Deadlines for Private Companies

The Financial Accounting Standards Board says it wants to make a two-year stagger of implementation deadlines standard practice.
GAAP and IFRS

FASB Gives Private Companies Breathing Room on Lease Accounting

FASB members voted unanimously to propose moving back the effective date for lease accounting and two other major new accounting standards.
GAAP and IFRS

Lease Accounting Post-Adoption

Many companies used brute force to meet the initial lease accounting deadlines. To comply long term, they will need processes, policies, and controls.
Revenue Recognition

Unclear IR Communications Sent Share Price Tumbling

New CFO at Talend works to overcome investor concerns about the software firm's altered business model and revenue recognition issues.
Revenue Recognition

Companies Urged to Stay Abreast of Accounting Proposals

Not paying close attention to proposed accounting standards and not commenting when there are concerns can have important consequences, experts say.
GAAP and IFRS

Goodwill Impairment Testing: Time to Revisit?

FASB’s invitation to comment on goodwill accounting lays out possible cases for doing away with or improving impairment testing.
Lease Accounting

New Lease Standard: Comparing IFRS and U.S. GAAP

For multinationals that must prepare financials under both standards, there are comparability challenges and differing nuances to keep in mind.
Sustainability

Climate Change Reporting: A Catalyst for Change

As the effects of climate change become more prominent, they will become more and more visible in financial statements, says IASB's chair.
Growth Companies

When Smaller May Be Better: Adopting SRC Status

Companies that can qualify as smaller reporting companies have to evaluate scaled-down disclosures item by item.
Auditing

Lessons on Auditing from Carillion’s Collapse

The sudden failure of U.K. construction firm Carillion exposes the limits of public company auditing and sparks discussion of reforms.
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