Contingent payment contract is a legally binding agreement between parties where one's settlement is dependent on a future uncertain event.
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Articles posted by FinAcco
Is ChatGPT taking over technical accounting?
The purpose of this publication is to assess ChatGPT ability to access and retrieve accounting information, answer specific technical accounting questions.
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Accounting for Financing of Software Development Projects
Investments in software development projects may be considered a software or a financial instrument.
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SPAC Accounting for Forfeiture of Sponsor Shares
Terms of a typical SPAC IPO includes a feature that allows the sale of additional equity securities by the SPAC...
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Accounting for Film Co-Financing Arrangement
FinAcco’s publication covers film financing involving a financing company or the investor and a studio.
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Practical IPO Guide
Going public is a complicated, transformative, and time-consuming process. It requires careful planning...
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Founder Shares Transferred to Anchor Investors
As part of SPAC's formation, the newly formed entity issues its founders
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Accounting for Underwriter Overallotment Option
Many public offering transactions include a feature that allows the sale...
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Accounting for Redeemable Shares
Entity’s time to identify a suitable target is limited. If SPAC is unable to complete a merger within 24 months
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SPAC Financial Close
SPAC financial close includes recording relevant entries in entity’s accounting system as well as preparation...
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