Tag Archives: fasb

Start Preparing Now for New Revenue Recognition Standard

This week’s post and linked full PDF are by Howard Goldman, Partner, CFO Edge, LLC. While the effective dates have been delayed for the new FASB/IASB revenue recognition standard replacing industry-specific GAAP rules, Los Angeles and Southern California executives face … Continue reading

Posted in Accounting Systems Design, CFO Services, Corporate Governance, Financial Infrastructure, Financial Reporting, Financial Statements, Generally Accepted Accounting Principles (GAAP), Los Angeles, Revenue Recognition | Tagged , , , , , , , , , | Leave a comment

What’s the Difference Between Financial Accounting & Forensic Accounting?

This week’s post and linked full article are by Sherry Rahbar, Partner, CFO Edge, LLC. With the frequency and sophistication of financial fraud growing among a number of businesses in greater Los Angeles and Southern California, it is helpful to … Continue reading

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The Latest Efforts to Simplify Accounting for Small, Privately Held Companies

The Private Company Council recently finalized a proposal that would make changes to GAAP to help simplify the private company accounting treatment for intangible assets acquired in business combinations, goodwill, variable interest-rate entities, and certain types of interest rate swaps. … Continue reading

Posted in Big GAAP vs Little GAAP, CFO Services, Generally Accepted Accounting Principles (GAAP) | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Planned Re-Exposure of Revised Revenue Recognition Standard

Along with after-tax profits and EBITDA, revenue is among the most critical measures of a company’s health and growth potential. Therefore, when changes take place in rules governing accounting for revenue, it is a highly significant event.  This CFO Edge … Continue reading

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