By John Kahn, Partner, CFGI You may have heard about the massive spike in popularity of SPACs, but have you heard about Zombie SPACs and Blood Baths? Writing this in Atlanta, Georgia, home of “The Walking Dead” TV show, makes it easier to appreciate that a “Zombie SPAC” is a SPAC without enough life left.
On April 12, 2021, the SEC issued a statement on the accounting for certain warrants issued by special purpose acquisition (SPAC) companies.
At CFGI, we pride ourselves on our Big Four background.
Are you prepared for your year-end audit? There’s a lot of ground to cover, especially with the additional considerations and responsibilities brought on by the COVID-19 crisis.
If you run a business, you lease equipment or real estate.
The new accounting standard for revenue recognition (ASC 606), which goes into effect early next year for privately held companies is just an accounting change, right? Not at all.
While there is no magic formula for transitioning a company from “fact finding” to the “CECL sanctioned” state, we have outlined an adoption roadmap that can be tailored for the idiosyncrasies inherent in every business.
On January 5, 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities, to address certain aspects of recognition, measurement, presentation and disclosure of financial instruments that are marked to fair value and reported as available-for-sale (“AFS”).