OUR SERVICES – GAAP & IFRS ACCOUNTING
In the United States, the Financial Accounting Standards Board (“FASB”) sets Generally Accepted Accounting Principles (“GAAP). Abroad, the International Accounting Standards Board (“IASB”) sets International Financial Reporting Standards (“IFRS”). Both sets of standards address accounting for payment instrument including accounting for the purchase, use and non-use of the instruments.
The accounting standards also set standards for recognizing revenue from stale or unused payment instruments via a derecognition technique or otherwise debiting of liabilities underlying the instruments. These methods permit the capture of revenue from stale liabilities. In addition to payment instruments, the techniques extend to certain trade payables, credits and liabilities.
Card Compliant offers services regarding the management of these GAAP and IFRS standards. Our services range from full management of the standards to ala carte services focused upon specific subjects. We serve several sectors including retailers & restaurants, banks & financial institutions, and companies with recurring trade payables, credits or liabilities.
Our services are supported by our proprietary technology systems designed to process applicable accounting standards on per item basis to produce metrics and information needed for compliance tasks along with related analytics and/or forecasts.
Our Range: Revenue Recognition – Derecognition Revenue for Ongoing Programs – Derecognition Revenue for Transferred or Swept Programs – Derecognition Revenue in Advance of Expirations or Fees – SEC Guidance – GAAP Accounting – IFRS Accounting – IRS Regulations – GAAP Versus Tax – GAAP Leading Tax – Tax Leading GAAP – And More
Our Experience: Digital Codes – Paper Instruments – Plastic Instruments – Trade Liabilities & Payables – Closed Loop Programs – Open Loop Programs – Mixed Loop Programs – Non-Cash Instruments – Instruments with Cash Redemptions – Retail Instruments – GiftCo Instruments – Bank Instruments – Trade Payables and Credits – And More.