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30 Day Exercise Team Challenge – 1500 miles

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.

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Facing the Covid-19 Challenge in the Boardroom – Early Findings from PwC’s Directors Survey

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…

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GASB offers guidance on CARES Act and coronavirus

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…

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Bridging The Accounting Gap For Lessors And Lessees

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…

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Cash Flow Opportunities and Accounting Considerations

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,…

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Tips for Leading Projects Remotely with Flexible Structure

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…

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AICPA Providing $1500 Scholarships

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…

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Survey found that participants choose kindness as the best quality in any type relationship

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…

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FASB confirms one year delays extended to certain companies and organizations applying the revenue recognition and leases guidance.

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…

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ARC Joining FloQast’s New Strategic Alliance Consulting program

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…

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Essential Documents Check

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…

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A few tips on how to stay open in the post-Covid environment!

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…

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Effective Date of Revenue Recognition and Leases Standards for Certain Entities has been extended

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….

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Stock Option Repricing: Avoid Accounting and Equity System Pitfalls

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….

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Accountant Challenges and How They Are Moving Forward?

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…

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IFAC’s new Practice Transformation Action Plan

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

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Giving back to our communities one step at a time

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.

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Covid 19 – Current Accounting Landscape

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

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San Francisco Business Times names ARC Consulting in Best Places To Work 2020 list

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…

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Will working remotely be more permanent in the future?

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

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SEC and Covid-19 Disclosures

Is a flood of coronavirus-related filings in the near future? Check out this article from Intelligize to find out what the SEC and Companies are currently doing. Read Article here          

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How to Leverage Technology to Streamline Your Annual Audit Session

These days, an audit is something you really can’t avoid, but who says it needs to be a pain? Join our very own, Gary Klintworth, along with experts from FloQast and Workiva and learn how to walk through the best ways to engage with auditors...

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SF Business Times names ARC Consulting in ‘Best Places To Work 2019’ list

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…

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