Elliott Davis Decosimo Assurance Articles

Quarterly Accounting Update

July 17, 2015

Welcome to the Second Quarter issue of our Quarterly Accounting Update. Each quarter, we will provide you with up-to-date information for consideration in your financial reporting and disclosures. Our goal is for you to have current, relevant information...

Quarterly Accounting Update: Selected Highlights

July 17, 2015

New Guidance for Cloud Computing Customers In April, the FASB amended its guidance on internal use software to clarify how customers should determine whether cloud computing arrangements include a software license. The new guidance also eliminates the current requirement...

Quarterly Accounting Update: FASB Simplification Initiative on Track

July 17, 2015

The following selected FASB exposure drafts and projects are outstanding as of June 30, 2015. FASB Simplification Initiative The FASB’s Simplification Initiative is a tightly-focused initiative to make narrow-scope simplifications and improvements to accounting standards through a series of short-term...