Tag Archive | fair value

Private Companies Given Accounting Alternatives for Acquired Intangible Assets

Private companies have a new option for the recognition of identifiable intangible assets in certain transactions. Released December 23, 2014, the Financial Accounting Standards Board (FASB) ASU No. 2014-18, Business Combinations (Topic 805): Accounting for Identifiable Intangible Assets in a Business Combination permits an alternative for a qualifying private company (see MHM Messenger: Private Company […]

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Pushdown Accounting Now Optional

The FASB recently decided to allow acquired entities and their subsidiaries to make an election to apply pushdown accounting. An acquired entity may wish to apply pushdown accounting in order to be able to report in its separate financial statements the fair value of its assets and liabilities as of the date it was acquired […]

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Three Common Mistakes Not-for-Profits Make with Gift-in-Kind Valuation

Gifts come with many benefits for not-for-profit organizations. They can help a not-for-profit extend the reach of its programs or enhance its mission with resources the organization could not have otherwise been able to afford. Gifts-in-kind (GIK) include contributions of tangible and intangible property. The downside to gift-in-kind contributions is they can also be difficult […]

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What is Hedge Accounting? And is Now the Time?

Learn the basics of hedging as a risk management tool during this free course on October 10. Trading strategies gone bad and stories of large trading losses grab big headlines in the news. But when used effectively, hedge accounting can reduce volatility in operations, which can lead to better forecasting and pricing decisions. The role […]

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Learn More About IFRS on Sept. 18: Impairment of Assets

Please join us on Sept. 18 for this course in which we’ll help you identify potential issues related to identifying, measuring and reversing the impairment of assets (including goodwill). Impairment indicators are often not properly considered, resulting in assets that are over-valued relative to their recoverable amount. Assets such as goodwill or an intangible asset […]

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Seven Ways the AICPA’s Optional Framework for Small- and Medium-Sized Entities Differs from GAAP

The AICPA has issued a special-purpose reporting framework that is attracting the interest of smaller private businesses — the “Financial Reporting Framework for Small- and Medium-Sized Entities” (FRF for SMEs). This framework is intended as a less-complicated, lower-cost alternative basis of accounting for entities that are not required to provide GAAP-based financial statements. Here we […]

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Repeat of Not-for-Profit Accounting Update Webinar on July 30

Were you unable to attend yesterday’s Executive Education Series webinar discussing not-for-profit accounting and auditing standards? If so, you’re in luck! Mayer Hoffman McCann will be offering a repeat of this course for our clients and friends in the nonprofit sector on Tuesday, July 30 at 11 a.m. central time. Patrick Quinn and Laura Krueger […]

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