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: GAAP
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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IFRS Presentation by S&B Manager Williams
Dave Williams, a manager with Seale and Beers, presented information about the International Financial Reporting Standards this morning to a meeting of the Risk Management Association. Dave’s Powerpoint presentation is here: RMA 042010 IFRS SealeBeers Here’s a link to an … Continue reading
Posted in Business Environment, Company News, GAAP
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Footnote Notes: Recent Accounting Pronouncements
ASC 235-10-50-3 describes footnote disclosures required for financial statements to conform to GAAP, and the term “Recent Accounting Pronouncements” does not appear. Nevertheless, public companies large and small devote at least a couple of pages to describing new accounting standards, … Continue reading