Are you a prudent business person staring at his/her five-line balance sheet thinking, "As a […]
Category: Financial Reporting
‘Little GAAP’ vs. Financial Reporting Framework: As a CPA, People Expect You to Know This Crap
Welcome to the latest edition of Accumulated Deprecation, Greg Kyte's monthly column. Go here to read more of Greg's posts.
GAAP is hard. I mean it was hard. But now accounting for private companies and small- and medium-size entities (SMEs) is super easy compared with just two months ago.
Stockton, California’s Lousy Accounting, Incompetence Made Up for Its Lack of Corruption
"Stockton is not Bell — we found no evidence that corruption and self-dealing drove this […]
NASBA, AICPA Agree to Hug It Out Over Private Accounting Standards
After a month of some public and private sniping, NASBA and AICPA seem to be […]
JOBS Act Hasn’t Encouraged as Many Companies to Avoid Sarbanes-Oxley as Some Would Have Hoped
Before the House of Representatives got down with some Audit Integrity whatever whatever, we had the […]
NASBA Happy to See Some Legit Options for Private Company Accounting Get Proposed
I intended to get to this yesterday but I was having too much fun rummaging […]
AICPA Knows NASBA Is Mad But It’s Okay, NASBA Gets Mad Sometimes
The ongoing bickering over FRF for SMEs — which went Defcon 4 the other day with […]
NASBA Stands Behind FASB’s Private GAAP, Can’t Believe the AICPA’s Chutzpah
On Tuesday we discussed the AICPA's effort to offer a new OCBOA for small businesses, […]
Financial Accounting Foundation Seems Slightly Annoyed with the AICPA’s New Accounting Method for Small Business
Judging by the AICPA's PR blitz, you'd think that everyone was excited about their release of […]
Companies Wanting More Liabilities on Their Balance Sheets Will Love the New Lease Accounting Proposal
What's that you say, Hans? No one wants more liabilities on their balance sheet? […]
You Know the Convergence of Loan Loss Accounting Is in Sorry Shape When Banks Are a Voice of Reason
Right now, the FASB and IASB are nowhere near agreeing on how loan loss accounting […]
Tesla Is Damn Serious About Revenue Recognition
Considering the lengths that some companies go to manipulate massage their revenue, this passage from […]