A.C. Sondhi & Associates, LLC.

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Specializing in the analysis of financial reporting standards under U.S GAAP and International Accounting Standards (IFRS), we use our expertise to help our clients interpret, apply and implement these standards by providing clear and concise plain English explanations.

Our approach is founded on the belief that analyzing financial reporting rules requires an understanding of their underlying economic rationale and how their application impacts the financial statements from the perspective of both preparers and users of financial statements.

By participating in the current deliberations of standard setting bodies, engaging in a dynamic consulting and litigation support practice, and creating analytical databases of current disclosure practices across various industries, we remain on the leading edge of developments in the marketplace.

We also offer CPE accredited executive seminars on an array of financial reporting topics.

Major Shifts in Accounting Expected

The FASB Board voted to ratify the EITF 08-1 and EITF 09-3 consensuses reached by the EITF. These far-reaching standards will impact companies that have arrangements with multiple elements (currently subject to EITF 00-21) as well as those that sell tangible products that contain software (SOP 97-2 and SOP 98-9 will no longer apply to these arrangements). Both of these EITF Issues will be applicable to arrangements entered into or materially modified on or after June 15, 2010, with earlier application permitted.

EITF 08-1 - Implementation & Adoption

EITF 09-3 - Implementation & Adoption

Why VSOE Spells Trouble

SOP 97-2 - Current issues in VSOE Accounting

SFAS 154, Accounting Changes and Error Corrections

Comprehensive Income

Earnings Per Share

Pensions

-	The New FASB Pension Standard, SFAS 132(R)
-	SFAS 132 (1998) Employers' Disclosures about Pensions and Other Postretirement Benefits

EITF 00-21 – Multiple Deliverables
Executive Summary

Segment Reporting

2012 Programs
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On-site Corporate Programs

SPRING 2012 BROCHURE


		Optimize Your Financial Reporting & Accounting Close – A 3-hour course sponsored by Tony Sondhi and presented by Silicon Valley Accountants Click here to register


		Specialized in the areas of implementation of accounting standards, valuation, earnings quality, securitization and credit analysis.

REVENUE RECOGNITION (Topic 605)

Revenue from Contracts with Customers
Revised Exposure Draft – Part 6

June 13, 2012 – 1:00 PM ET

Discussion topics will include:

The new standard
Changes to the existing requirements
The financial risks and reporting implications of those changes

For additional information:
Download PDF

Archived Webcasts CLICK HERE