Complex Accounting Resources

Financial reporting requirements change as your organization’s needs evolve. CFOs who understand how growth plans, new accounting standards, and other organizational changes affect the accounting function are well-positioned to navigate new developments and communicate their financial statement impact. We’re here to help with articles and resources that provide additional insight into the accounting considerations your organization may encounter.

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Articles

April 12, 20223 Ongoing Challenges with Revenue Recognition Accounting

When the changes to revenue recognition under ASC Topic 606 were introduced in 2014, it marked one of the most significant accounting changes in history.

A deep dive into the lease discount rate determination process to guide private companies in their adoption process.

February 08, 20222022 Accounting Preview

A quick preview of what’s changing for 2022 reporting and what these accounting updates mean for you.

Here are three ways lease accounting technology assists with the adoption of the new lease accounting standard.

Here are four trends public companies can expect to face in2022.

Here are the top five accounting articles of the year.

Inventorying leases is an important first step in ASC 842 adoption.

A quick overview of what to expect so your company can be better prepared for its new reporting obligations under the new lease accounting standard, ASC 842.

The pace of innovation in manufacturing processes and across other industries continues to accelerate even during the lingering COVID-19 pandemic. Seeking growth opportunities, privately-owned companies have tapped into a ready source of capital – investors anxious to deploy their cash – by taking their company public. Although not required by the SPAC process, taking a structured IPO readiness approach can shine a much more appealing light on the company for potential investors.

After previous delays by the Financial Accounting Standards Board (FASB), Accounting Standards Update 2016-02, Leases (Topic 842) must be adopted by private entities with fiscal year ends beginning after Dec. 15, 2021.

Organizations that are taking the ERTC should evaluate their accounting options.

Private entities that select a new accounting alternative may be able to skip a test of goodwill impairment in 2020.

More deals give rise to questions on deferred revenue accounting.

Here are some points to consider when applying fair value accounting in 2021.

Business disruption makes asset impairment an important consideration. Here are tips to know.