Accounting Advisory Services Resource Center

Accounting Advisory Services Resource Center2017-03-15T14:43:07+00:00

IAS: 36 Impairment of Assets

Managing the impairment of business assets in today’s environment of rapidly changing markets, technology, and regulations, has become a very important part of the overall management of business assets. In simplified terms, impairment of long […]

ASC 606: The new revenue recognition standard

The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have been working towards a single comprehensive revenue recognition standard since the initial joint project was put together in 2002. The objective […]

Implementing IFRS 15 The new revenue recognition standard

As the effective date of January 1, 2018 draws near, many businesses have initiated the process of analyzing the effects of the new revenue recognition standard, IFRS 15: Revenue from Contracts with Customers. However, only […]