Checkpoint Catalyst: US GAAP

The clarity, color and context you need to get the whole picture of an accounting issue.

How can I quickly go from question to answer to action in my accounting research?

Checkpoint Catalyst™: US GAAP is the next generation of online research that gives practical insight and expertise on accounting topics that are complex, undergoing changes or challenging to apply — including revenue recognition, financial instruments, consolidation and leases. Research is approached from a fresh, new perspective where content is always delivered in context along with powerful insight into related issues — so you’ll never miss an important detail.

The Next Generation of Online Research

Jumpstart your research with source materials, diagrams, interactive tools and featured developments that come together in context with analysis, giving you actionable next steps and helping you get to outcomes faster.

  • Topics can be expanded or collapsed to provide a landscape perspective as well as the ability to drill down into detail depending on the needs of the user.
  • Practical real-life examples included throughout the Topics explain the logic of the standards and help you put knowledge into action.
  • Interactive tools, diagrams and decision trees help you get the full picture on how to apply the standards to a particular situation.
  • Detailed analysis and illustrations for specific industries or instruments are discussed directly within the Topic, not treated separately — clarifying grey areas and reducing the risk that something important is missed.
  • Recent developments are presented in context of the Topic to keep researchers up-to-date on important developments or to call them into focus as a quick refresher on recent changes.
  • Content works in concert with the rest of your Checkpoint library, so you can easily go to other sources to cross-check the discussion.

Call 800.950.1216 to learn about Checkpoint Catalyst: US GAAP or sign up for a free 30 day trial today.

Free Special Report

An Overview of the New Accounting Model for Leases

Financial statement users have expressed concern about the current lease accounting model as it does not reflect the true economic substance of an operating lease transaction. As a result, the FASB and IASB began a joint project to restructure the existing lease accounting guidance for both lessees and lessors under US GAAP and IFRS. This complimentary special report provides an overview of the new guidance on leases.

Get the Special Report


Checkpoint Catalyst: US GAAP is a collection of Topics that examine specific accounting issues from a practical, workflow perspective, including:

Revenue Recognition
  • Organized around the five steps for revenue recognition and measurement that are at the core of the new standard
  • Features coverage of related topics such as contract modification, contract costs, presentation, disclosure and adoption
  • Includes industry specific practice guides for heavily impacted industries such as software, telecommunications, retail and more
  • Offers detailed implementation guides for specific types of contracts
  • Makes use of over 150 charts and diagrams
Financial Instruments — Classification and Measurement
  • Helps entities understand and apply the rules on classification and measurement of financial instruments
  • Covers a wide range of topics including classification and measurement of common instruments such as loans, receivables, securities and financial liabilities, as well as specialty topics like cost method and equity method investments, embedded derivatives, the fair value option and troubled debt restructurings.
  • Includes detailed coverage on specific types of instruments such as acquisition, development and construction arrangements; callable debt; convertible debt; insurance contracts and more
  • Makes use of over 120 charts and diagrams
  • Designed to help practitioners navigate the accounting intricacies related to FASB Accounting Standards Update No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis
  • Alerts readers to changes such as revisions to the analysis for interests in limited partnerships and similar entities, how fees and related party relationships affect the analysis of interests in variable interest entities (VIEs) and a new scope exception for interests in legal entities subject to Rule 2a-7 of the Investment Company Act of 1940 for registered money market funds
  • Focuses particular attention on the complex area of VIEs, including detailed examples and illustrations on how to scope and identify variable interests and VIEs and how to determine the primary beneficiary
  • Provides extensive guidance on key concepts in applying the VIE guidance including date of evaluation, equity at risk, expected losses and expected residual returns, kick-out and participating rights and related parties, including de facto agents
  • Makes use of over 50 charts and diagrams
  • Designed to help practitioners navigate the FASB’s Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842) that significantly changed the way companies account for leases
  • Employs numerous practice aids to make analyzing and planning for changes easier and addresses all ASU changes, including the requirement to record lease assets and lease liabilities on the balance sheet and make key disclosures about these arrangements
  • Covers accounting by lessees and accounting by lessors as well as commonly-encountered situations, such as exercising an option to purchase or renew a lease or to terminate a lease early, lease classification, lease modifications, built-to-suit leases, sale-leasebacks and related party leases
  • Examines disclosure issues for lessees and lessors, providing detailed transition guidance
  • Outlines key differences between IFRS and GAAP treatment of leases under their respective new standards
Financial Instruments — Impairment

Coming soon!

Business Combinations

Coming soon!