News & Links

An early May survey of German CFOs and management accountants revealed that 60% were still unable to say when they expected the situation within their company to return to normal. The survey — by WHU-Otto Beisheim School of Management together with the International Association of…

1500 is the number of miles that our exercise team of fourteen walked, hiked and biked during the month of June.  The top three winners, accounting for 665 miles of the total miles, were provided with monetary amount to share with their favorite charities.

Corporate directors applaud their companies’ pandemic response thus far—but the work has only just begun. The COVID-19 pandemic and its fallout are testing companies like never before. According to our survey of directors, most board members say executives have done a great job of navigating…

The Governmental Accounting Standards Board released a technical bulletin with guidance for applying existing GASB standards to transactions related to the CARES Act and outflows incurred in response to the COVID-19 pandemic. It answers some of the questions raised by GASB stakeholders, especially state and…

The International Accounting Standards Board introduced a significant overhaul to lease accounting standards, and while the changes went into effect at the start of 2019, corporates continue to face challenges to adhere to the standards and remain compliant. In response, corporate accounting FinTechs and financial…

The economic fallout from COVID-19 is causing an unprecedented number of challenges and lease changes for many companies. But it also presents new opportunities for harnessing lease data to conserve and generate cash. Here are a few ways to identify such opportunities, execute on them,…

Figuring out how to structure a new project can be difficult enough. Throw in the majority of folks working remotely, some for the first time, and now you’ve got another layer of complexity. While I tend to lean towards wanting firm structure by nature, I’ve…

The AICPA announced today that it is launching a new CPA Exam Scholarship, offering up to $1500 to at least 50 AICPA Student Affiliate members or AICPA CPA Exam Candidate Affiliate members in the U.S. to reimburse fees for taking the CPA Exam as well…

If you haven’t had a bad boss, you’ve probably seen one on TV. The fearsome boss is a staple of American pop culture, from tyrannical media moguls and greedy masters of the finance universe. Does the on-screen prevalence of bad bosses appeal to viewers by…

Norwalk, CT, June 3, 2020—The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) that grants a one-year effective date delay for certain companies and organizations applying the revenue recognition and leases guidance. Early application continues to be permitted. “The FASB issued…

LOS ANGELES, June 04, 2020 (GLOBE NEWSWIRE) — FloQast, a provider of close management software created by accountants for accountants to close the books faster and more accurately, announced today that it has expanded its successful partner program to include specialized accounting advisory practices. The…

CPAs have been especially busy in recent weeks counseling clients through the sudden economic challenges brought on by COVID-19. Because you’ll be communicating with a large number of your clients, this can be a timely opportunity to also remind them to update essential documents, such…

Reopening Your Business: 3 Ways to Thrive in the Long Term.  Here’s how business owners preparing to reopen can position their companies to succeed in the long run. With 29 U.S. states reopening for business, to different degrees, the next question facing some business owners…

The FASB met on Wednesday, May 20, 2020 voted to extend the effective date of Topics 606, Revenue from Contracts with Customers, and 842, Leases, for certain entities and has directed the staff to draft a final Accounting Standards Update (ASU) for vote by written ballot….

Background COVID-19 has created significant market volatility resulting in sharp decreases in corporate valuations for both public and private companies. Board Members and C-Suite Executives will be faced with challenging decisions to address “underwater” stock options that have lost retention and incentive value to employees….

Accountants are facing unique challenges during the coronavirus pandemic — but the profession is rising to meet them at all levels, according to leaders from the American Institute of CPAs. “This is a defining time for the AICPA and our firms,” said Erik Asgeirsson, president…

Check out IFAC’s new Practice Transformation Action Plan to assist small to medium size practices during these challenging times amidst the Covid-19 pandemic… View article here

Check us out on LinkedIn as we are giving back to our communities by either shopping local, provide care packages, or food, gift cards and items for families in need. Check it out here.

Listen to our Co-Founder and Managing Director, Gary Klintworth, as he talks about several key accounting considerations related to our current environment. View video here

We are very excited to announce that ARC Consulting LLC has been named one of the Best Places to Work in the Bay Area for the second time in two years.   We are all very proud of our accomplishment, what we have built and looking…

CFOs looking to make remote work, telecommuting more permanent following COVID-19 and the new working environment.   View the article here.

ARC Consulting LLC has been named one of the Best Places to Work in the Bay Area 2019.   This List includes companies with 25-49 employees working in the Greater Bay Area counties of Alameda, Contra Costa, Marin, Monterey, Napa, San Benito, San Francisco, San…