This publication highlights factors the industry should consider and provides guidance on the most pertinent accounting solutions under US GAAP. The solutions presented are meant to provide a framework for determining the appropriate accounting answer for general solutions.
We hope you find this publication useful in addressing and understanding the accounting for certain transactions encountered in your business. Further, we hope that this publication will encourage consistent practices by companies in financial reporting under US GAAP. This consistency will be critical to the continued usefulness and transparency of medical technology companies' financial statements.