Our Thoughts On Archive

OMB Uniform Guidance Interim Final Rule Addresses Cost Reimbursement

On December 18, 2014, The Office of Management and Budget (OMB) released the interim final rule for Administrative Requirements, Cost Principles and Audit

Can For-Profit Subsidiaries of Not-for-Profit Entities elect to Amortize Goodwill under ASU 2014-02?

In January 2014, FASB issued ASU No 2014-02, Intangibles- Goodwill and Other, allowing private companies the option of amortizing goodwill over a 10-year

FASB Simplifies Accounting for Intangible Assets in a Business Combination

The FASB, Financial Accounting Standards Board, has issued Accounting Standards Update (ASU) No. 2014-18, Business Combinations (Topic 805): Accounting