Nov 5, 2018 | Audit, CFO Essentials
Author: Frances Franco, CPA, CFF, CVA : SingerLewak LLP Financial statements were once based primarily on historical costs. However, under certain circumstances, fair value accounting is the reporting standard. The objective of a fair value measurement is to estimate...
Oct 30, 2018 | Center for Public Company Excellence, CFO Essentials, SOC Insights
by Ed Schenkein Codification Improvements In July 2018, The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2018-09, Codification Improvements. The FASB has a standing project on its agenda to address suggestions received from...
Oct 1, 2018 | Center for Public Company Excellence, CFO Essentials, Emerging Companies, Public & Investor Backed
The FASB has issued (ASU) No. 2018-10, Codification Improvements to Topic 842, Leases, which makes amendments to the new rules on accounting for leases. The amendments clarify certain narrow aspects of guidance and are not expected to have a significant affect on...
Sep 24, 2018 | CFO Essentials, Nonprofit
On June 21, 2018, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) intended to clarify and improve the scope and the accounting guidance for contributions received and made, primarily by not-for-profit organizations. WHY DID...
Aug 7, 2018 | Center for Public Company Excellence, CFO Essentials
On March 1, 2018, the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standard Update (ASU) clarifying the accounting for implementation costs related to a cloud computing arrangement that is a service contract. This update is intended...
Feb 5, 2018 | CFO Essentials, Revenue Recognition
Due to the importance of the new revenue recognition standard, and its potential to have a pervasive impact on the financial statements, the implementation plan is bound to be complex. Companies going through this process should be careful in planning. The six areas...
