by George Azih | Apr 23, 2019
Among the many accounting standard updates and new standards that have been issued in recent years, there have been significant changes to the way organizations address service contracts. The new lease accounting standards add complexity to how you address service...
by George Azih | Apr 1, 2019
Time – no matter what you do, it seems like there’s never enough of it. Fortunately, there are small things that you can do to make the most of your time. Here are some of our best pointers to help you be more efficient and productive. Set agendas for meetings and...
by George Azih | Mar 21, 2019
For most public companies, the effective date of the new lease standard has passed: January 1, 2019. For private companies, the effective date of the new lease standard, ASC 842, is January 1, 2020. If you’ve been keeping up with the new lease accounting guidance,...
by Jason Parker | Mar 14, 2019
The FASB just released an important update, ASU 2019-01, that simplifies the implementation process to ASC 842. The updates are based on learning from companies that have transitioned to the new standard. Here’s what you need to know: Issue 1: Determining the Fair...
by Amanda Payne | Mar 14, 2019
The adoption of ASC 842, Leases, is a change for companies in that it requires most leases to be recognized on the balance sheet, but the guidance also includes expanded disclosure requirements. Many companies designed a process to identify embedded lease arrangements...
by George Azih | Mar 1, 2019
To say that financial reporting regulations have changed in the past 20 years would be an understatement. We’ve seen significant recommendations made by The Securities and Exchange Commission (SEC), the introduction of The International Financial Reporting Standard...
