In this episode of The GAAP Reporter, host Jason Kalies discusses some targeted areas of lease accounting under Topic 842, Leases, with Pilar Garcia. They discuss lease reassessment, lease and nonlease components, and determining the incremental borrowing rate.

In this episode of The GAAP Reporter, host Jason Kalies continues the discussion with Pilar Garcia of the new lease accounting standard under Topic 842, Leases. They delve into pervasive concepts of the standard, such as the definition of a lease, the concept of lease term, the different costs and payments that are either included or excluded from …

In this episode of The GAAP Reporter, host Pilar Garcia kicks off a three-part mini-series with Jason Kalies on the new lease accounting standard under Topic 842, Leases. They discuss presentation of leases under the new standard, as well as the transition requirements.

In this episode of The GAAP Reporter, host Jason Kalies talks with Kara Peterson about implementation considerations for the FASB’s current expected credit losses (CECL) model. They discuss the effective dates of the new standard, transition requirements for adopting CECL, preparing for implementation, and SAB 74 disclosures.…

In this episode of The GAAP Reporter, host Kara Peterson continues the discussion with Jason Kalies on the FASB’s current expected credit losses (CECL) model. They talk about measuring credit losses under CECL on an ongoing basis each reporting period, a few unique elements that could affect management’s evaluation, and considerations for available…

In this episode of The GAAP Reporter, host Kara Peterson continues the discussion with Jason Kalies on the FASB’s current expected credit losses (CECL) model. They discuss measuring credit losses under CECL, including key inputs and variables used in the model.

In this episode of The GAAP Reporter, host Kara Peterson continues the discussion with Jason Kalies on the FASB’s current expected credit losses (CECL) model. They discuss the concept of principles-based versus rules-based accounting, the scope of the CECL model, and how impactful the new impairment standard will be.…

In this episode of The GAAP Reporter, host Kara Peterson talks with Jason Kalies to kick off a five-part mini-series on the FASB’s current expected credit losses (CECL) model, which was introduced in Accounting Standards Update No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. They …

In this episode of The GAAP Reporter, host Emily Hildebrand talks with Pilar Garcia about proposed amendments intended to simplify the accounting for income taxes. They discuss Proposed Accounting Standards Update No. 2019-700, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, and how it would impact current scope, recognition,…

In this episode of The GAAP Reporter, host Pilar Garcia talks with Emily Hildebrand about proposed changes to the disclosure requirements in Topic 740, Income Taxes. They discuss Proposed Accounting Standards Update No. 2019-500, Income Taxes (Topic 740): Disclosure Framework—Changes to the Disclosure Requirements for Income Taxes, and how it would…

In this episode of The GAAP Reporter, host Pilar Garcia talks with Emily Hildebrand about the key financial statement presentation and disclosure requirements in Topic 740, Income Taxes. They also touch on the FASB’s disclosure framework and how it influences the disclosures for income taxes.

In this episode of The GAAP Reporter, host Emily Hildebrand talks with Pilar Garcia on determining the deferred tax provision. They focus on common pitfalls and challenges in preparing the provision.

In this episode of The GAAP Reporter, host Emily Hildebrand talks with Pilar Garcia to kick off a five-part mini-series on the accounting for income taxes. They discuss the main objectives of Topic 740, Income Taxes, key recognition and measurement principles, and important terminology, such as deferred taxes, uncertain tax positions, and the effec…

In this episode of The GAAP Reporter, host Jason Kalies talks to Kara Peterson about the federal funds rate and possible accounting impacts of a rate change. They discuss potential effects to valuations, impairments, exchange rates, debt, and disclosures.

Today we go into depth about drugs, clutter and our stalker-like friendship.--- Support this podcast: https://podcasters.spotify.com/pod/show/gaaph/support

Bridge the GAAP is a blog and podcast that presents conversational discussion about topics in accounting and auditing in an attempt to bridge the gap between theory and practice. In this episode we build a bridge that connects the following three topics: the Republican Presidential Debates, Auditing Standard AU-C 530, and the Heisenberg Uncertainty…

Today the Bridge the GAAP – Accounting Podcast discusses recent volatility in securities markets. We’re going to discuss the topic by building a bridge that connects the dramatic drop in the Dow Jones Industrial Average earlier this past week, Accounting Standard ASC 830, and the Ghost in the Machine. We start off by discussing the dramatic sell-of…

Today the Bridge The GAAP – Accounting Podcast discusses challenges faced by rapidly advancing technology. We discuss the topic by building a bridge that connects a hacker ring in Ukraine, SEC Rule 10b-5, and the hacktivist community called "Anonymous." We start off by discussing a complaint filed by the SEC on August 10, 2015, that charged 32 peop…

Today the topic of our Bridge The GAAP – Accounting Podcast is logical relationships. We’re going to discuss the topic by building a bridge that connects the ideas of Forrest Gump (Tom Hanks), Auditing Standard AU-C 520, and synchronicity. We start off by discussing the Davie-Brown Index, which is a survey conducted by a marketing agency in order t…

Today the topic of our Bridge The GAAP – Accounting Podcast is faithful representation. We’re going to discuss the topic by building a bridge that connects the ideas of testing artificial intelligence, Topic 840 of the Accounting Standards Codification, and skyscrapers in Chicago. We start off by discussing Alan Turing's famous "Imitation Game," wh…

Today the topic of our Bridge The GAAP - Accounting Podcast is fair value. We’re going to discuss the concept fair value through the prism of several unusual commdoties in the South Pacific, including spinner dolphins' teeth. By doing so, we will answer shed light on the meaning of fair value and some of the questions raised by its consideration. A…

Today the topic of our accounting podcast is a little unconventional. We're going to trace the concept of the fraud triangle back into an unusual case study involving a message from another world. By doing so, we will answer the question, What do an alien prophecy, Auditing Standard AU-C 240, and a billion-dollar Ponzi schemer all have in common? A…

Today the topic of our accounting podcast is Auditing Standard AU-C 320, which discusses Materiality. We’ll answer such questions as, What is materiality? How is it determined? What has to be documented? To provide some context to our conversation, we’ll relate the discussion to AU-C 200, which discusses the overall objectives and conduct of an aud…

Today the topic of our podcast is Auditing Standard AU-C 315, which discusses the requirement that the auditor understand the entity being audited and its internal control and requires that the auditor identify risks at the financial statement level and at the relevant assertion level. We’ll answer such questions as, What should we understand about…

Today the topic is Auditing Standard AU-C 300, which discusses Audit Planning. We'll answer such questions as, Who is involved in planning an audit? What are they doing? What has to be documented? Bridge the GAAP is a podcast that presents conversational discussion about topics in accounting and auditing in an attempt to bridge the gap between theo…

This episode presents auditing standard AU-C 200, which discusses the objectives of an audit. The discussion will answer such questions as, What is an audit? What is meant by auditor independence? What is meant by GAAS? Bridge the GAAP is a podcast that presents conversational discussion about accounting and auditing in an attempt to bridge the gap…