For stock classified as equity, direct and incremental costs related to its issuance should be accounted for as...
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Articles posted by FinAcco
Accounting for SPAC Warrants
As part of the IPO, SPACs issue its founders warrants, i.e., equity-linked instruments that give SPAC’s founders...
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SPAC Process and Lifecycle
SPAC or a special purpose acquisition company is a shell company listed on a stock exchange with the purpose...
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Government Grants: PPP Loans, ERC Program
The Coronavirus Aid, Relief, and Economic Security (CARES) Act provided substantial funds as economic incentives
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Impact of ASU 2020-06 on accounting for convertible debt
The impact of ASU 2020-06 is somewhat intertwined with existing (legacy) accounting for convertible debt...
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Convertible Debt
Key question relating to accounting for convertible debt is how to account for the conversion feature embedded in debt sometimes referred...
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Down Round Protection
Many companies obtain financing through more than one round of transactions in which they issue equity or equity-linked instruments.
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Changes in Debt Terms
TDR accounting model applies when a) the debtor is experiencing a financial difficulty and b) the creditor has granted the debtor
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Underutilized Leased Property
In light of existing pandemic situation, many employers allow or require their workforce to work from home. In a number cases, working from home...
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SOX Compliance: Easy or Difficult?
It’s not easy but does not have to be difficult if you approach it the right way. Generally, a SOX project involves operational elements
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