Category: US GAAP – ASC Insights

With DISE effective for fiscal years beginning after December 15, 2026, entities should begin evaluating their chart of accounts, data sources, and reporting processes well ahead of the effective date....

ASC 350: Intangibles—Goodwill and Other provides an in-depth look at the objectives, recognition and measurement principles, and practical implications of ASC 350, with a particular focus on goodwill.

FASB has issued ASU 2025-05 (July 30, 2025), simplifying CECL for short-term receivables and contract assets. The update introduces a practical expedient and policy election, easing implementation while...

This publication analyzing the Proposed Accounting Standards Update (ASU) that introduces new criteria in ASC 470-50-40-9 for debt modifications and exchanges. The proposed ASU is designed to introduce...

This thirteenth publication in our Series focuses on “ASC 805, Business Combination” In it, we delve into ASC 805 specifics, implications, key considerations, and practical applications. We sincerely hope...

On May 12, 2025, FASB published an Accounting Standard Update (ASU) 2025-03 that improves the requirements for identifying the accounting acquirer for business combination transactions involving VIE as...

This twelfth publication in our Series focuses on “ASC 815, Derivatives and Hedging.” In it, we delve into ASC 815 specifics, implications, key considerations, and practical applications.

This publication summarizes the requirements of Proposed ASU towards Accounting for and Disclosure of Software Costs, which may be relevant for all entities that incur internal-use software costs, including...

ASC 250, Accounting Changes and Error Corrections focuses into ASC 250 specifics, implications, key considerations, and practical applications. We sincerely hope you find the enclosed publication info...

The tenth publication in our Uniqus ASC Insights Series covers “ASC 718, Stock Compensation,” offering key insights and practical applications for navigating stock compensation complexities.

Our "ASC Insights Series: Guide to Accounting Standards" offers a detailed analysis of ASC 326, focusing on financial instruments and credit losses, with practical insights and Uniqus perspectives.

Uniqus' latest publication summarizes the FASB’s ASU 2024-03 on the disaggregation of income statement expenses, providing an overview of requirements, implementation, and key considerations.

Purpose Consolidation accounting under US Generally Accepted Accounting Principles (GAAP) is a critical aspect of financial reporting for companies with subsidiaries in their group structure. The purpose...

Purpose ASC 740, Income Taxes, addresses financial accounting and reporting for the effects of taxes based on income. It provides guidance for the recognition and measurement of income tax expenses for...

Purpose The Financial Accounting Standards Board’s (FASB’s), ASC 205-20, Presentation of financial statements -Discontinued operations (‘ASC 205-20’) provides comprehensive guidance on the reporting and...