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Technical Accounting

You are adopting a new accounting standard or navigating a complex one and need technical accounting assistance.  Rely on our GAAP expertise to get you the right solution.  Rasmussen Solutions’ disciplined approach will position you for success.

Revenue from Contracts with Customers (ASC 606)

  • Substantive termination clauses
  • Contract combination
  • Estimating SSP
  • Licensing of IP
  • Modifications
  • Disclosures

Leases (ASC 842)

  • Completeness assessment
  • Embedded leases
  • Lease classification
  • IBR
  • Sale-leasebacks
  • Disclosures

Stock Compensation (ASC 718)

  • Service, performance and market conditions
  • Modifications
  • Classification
  • ASC 718 vs. ASC 710
  • Disclosure

Business Combinations (ASC 805)

  • Definition of "business"
  • Intangible assets
  • Goodwill
  • Favorable or unfavorable leases
  • Disclosure

Consolidation and Variable Interest Entities (ASC 810)

  • Variable interest vs. voting interest models
  • VIE analysis
  • Primary beneficiary
  • Disclosure

Intangibles, Goodwill, and Software Development Costs (ASC 350)​

  • Goodwill impairment analysis
  • Software costs (internal or external use)
  • Cloud computing arrangement

Segment Reporting (ASC 280)

  • CODM
  • Operating segments
  • Reportable segments
  • Quantitative thresholds
  • Aggregation criteria
  • Disclosure

Inventory (ASC 330)​​

  • Inventoriable cost
  • Absorption
  • Accounting for allowances or reserves
  • Disclosure

Exit or Disposal Cost Obligations (ASC 420) and Post-employment Benefits (ASC 712)

  • Employee termination benefits
  • ASC 420 vs. ASC 712
  • Recognition
  • Disclosure

Accounting Changes and Error Corrections (ASC 250)​

  • Error corrections
  • Change in accounting estimate
  • Disclosure

Service Concession Arrangements (ASC 853)​

  • Apply accounting model
  • Impacts on revenue recognition
  • Long-term asset recognition

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