As an author, educator, speaker, and founder of the Your Mark on the World Center, Devin has established himself as a champion of social good. Having spoken twice at the United Nations and twice at Johnson & Johnson, among dozens of other engagements, he has a proven track record as a speaker. As a Forbes contributor, with 500 bylines and almost two million unique readers, he has become a recognized name in the social impact arena. His Your Mark on the World show, featuring over 800 celebrities, CEOs, billionaires, entrepreneurs and others who are out to change the world, has given him a recognizable face as well.


Previously, Devin served as the CFO of the third largest company on the 2009 Inc. 500 list. He also founded and led an NASD-registered investment bank. After completing a degree in finance at the University of Utah, he earned an MBA from Cornell University. Having lived on three continents and visited over 30 countries on six continents and with guests from around the world on his show, Devin brings a global perspective to international audiences - from the UN to Nepal - empowering them to do more good and make their mark on the world. These lessons also enable them to change their personal lives and to drive positive change within their organizations. His books provide roadmaps to audiences on how to use money for good. His books have been read over 1 million times!
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Devin Thorpe
Accounting for Revenue-Based Financing

I'm working to better understand both U.S. tax and GAAP accounting for revenue-based financing transactions. Below, I'll post the exchange I had with ChatGPT. I was impressed by what it understood (Bing's answer suggests it couldn't understand the question.) Still, ChatGPT ultimately got couldn't cogently explain the accounting rules. 

Do you know how to account for the cash flows for both lender and borrower for both tax and GAAP purposes?

Could you help me learn about something I don't understand? I understand the financial implications for borrowers and lenders participating in a revenue-based financing deal, but I don't understand the GAAP and tax accounting for the transactions. Could you help me learn that?

Certainly, I can provide you with an overview of the Generally Accepted Accounting Principles (GAAP) and tax accounting considerations for revenue-based financing transactions.

GAAP Account