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Ridesharing Companies Navigate Tricky Revenue Accounting Rules (1)

Antonio G Ginting 2 weeks ago
Ridesharing Companies Navigate Tricky Revenue Accounting Rules (1)

The Southeast Asian ride-hailing company slated to go public via one of the biggest SPAC deals of the year announced in early August it would have to cut its 2020 full-year revenue by more than half. The warning by Grab Holdings Inc.—which is being folded into a special purpose acquisition […]

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FASB to allow private companies a practical way to account for share-based awards

Antonio G Ginting 2 weeks ago
FASB to allow private companies a practical way to account for share-based awards

The Financial Accounting Standards Board has endorsed a recommendation from its Private Company Council to allow a practical expedient for a private company to determine the current price input of equity-classified share-based awards issued to both employees and nonemployees. During a meeting Wednesday, the board agreed to issue an accounting […]

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