Reverse Merger & SPAC Blog- Feldman Joining Richardson & Patel!
- See You at the Rodman Conference
- Another Unfortunate Barron’s Article on China
- PCAOB to Auditors of Chinese Companies - Get to China!
- Tip of the Week: Reporting or Not?
- New Small Offering Exemption Subject of Petition
- Back from R&R…&B
- Good Second Quarter for Reverse Mergers
- Dodd-Frank VII: Big Picture Thoughts
- Dodd-Frank Part VI: Exec Comp Changes
- SEC.gov Updates: News Digest
Category Archives: Accounting How-to
Forex Gain/Loss and You – Part 2
Our last post demonstrated how forex gain/loss is created. Now we turn to GAAP’s confusing guidance on what to do with forex gain/loss. The Wiley GAAP Codification Edition says: Making the sale is the result of an operating decision, while … Continue reading
Posted in Accounting How-to, Forex Gain/Loss, GAAP
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Direct Offering Costs
ASC 720-15-15-4(m) lists “Costs of Raising Capital” as excluded from the ASC 720 “Start-up Costs” topic. But what is the GAAP authority for netting “direct offering costs” against the proceeds that a company raises from selling stock rather than reporting … Continue reading
Posted in Accounting How-to, GAAP, Going Public
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Forex Gain/Loss and You – Part 1
Recording foreign currency exchange gains and losses (“forex gain/loss”) seems mysterious to many. The treatment prescribed by GAAP seems even more mysterious. Money issued by different countries can be exchanged at a bank. But it would be easier to understand … Continue reading
Posted in Accounting How-to, Forex Gain/Loss, GAAP
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“Condense” Your Interim Statements
Reg SX (Article 8, subsection 3) allows small issuers to release “condensed” interim financial statements. The idea is to reduce the interim filing burden for small companies but still provide investors with updates of important information. Article 12 subsection 4 … Continue reading
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The Difference Between Stock Option and Warrant
The terms “option” and “warrant” are sometimes used interchangeably. Indeed, from the perspective of a person who owns a stock option or stock warrant, there is no difference. That person has a contractual right to purchase stock shares at price, … Continue reading
Posted in Accounting How-to
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