ABOUT THE AUTHOR
Ronald Laxamana
Content
Breaking Ground: FASB Rolls Out New Guidance on Accounting for Joint Venture Formation
Joint Venture Accounting Update: New FASB standard clarifies accounting for joint venture formations, improving financial reporting transparency.
Life Sciences and Revenue: How ASC 606 Can Affect Your Company
Explore ASC 606's guidance in Biotech revenue recognition. Come join us as we unravel the intricacies of the five-step model. Click the link.
Revenue Recognition Crossroads: Principal versus Agent Evaluation
The surge in e-commerce necessitates clarifications on Principal vs. Agent roles. FASB's ASU 2016-08 provides guidance in multi-party setups.
Supplier Finance Programs: Optimizing Working Capital, Strengthening Relationships, and Ensuring Transparency (ASU 2022-04)
In today's business landscape, managing working capital efficiently is vital. Extending payment terms can strain suppliers and harm buyer-supplier relationships. To address this, we need to fix our supplier finance programs. These programs foster collaboration between buyers, suppliers, and financial institutions to streamline payments and enhance liquidity management. By adhering to ASU 2022-04, we ensure transparency in financial reporting, paving the way for a more sustainable and productive supplier ecosystem.