Accounting Tag

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

Posted at 23:08h in Business Environment, Corporate Survey, Covid-19, Workplace Environment by arccon 9,457 Comments

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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...

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08 Jul GASB offers guidance on CARES Act and coronavirus

Posted at 16:56h in Accounting, GASB, Leases & Standards, Technical Accounting by arccon 16,005 Comments

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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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25 Jun Bridging The Accounting Gap For Lessors And Lessees

Posted at 21:09h in Accounting, Advisory Services, IASB, Leases & Standards by arccon 10,825 Comments

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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 consultants...

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15 Jun Cash Flow Opportunities and Accounting Considerations

Posted at 15:00h in Accounting, Leases & Standards, Workplace Environment by arccon 8,889 Comments

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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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15 Jun Tips for Leading Projects Remotely with Flexible Structure

Posted at 11:08h in Accounting, Workplace Environment by arccon 16,356 Comments

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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 had...

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09 Jun AICPA Providing $1500 Scholarships

Posted at 00:43h in Accounting, AICPA, CPA, CPA license by arccon 19,241 Comments

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

Posted at 17:19h in Accounting, Advisory Services, FASB, Leases & Standards by arccon 22,367 Comments

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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 the...

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04 Jun ARC Joining FloQast’s New Strategic Alliance Consulting program

Posted at 04:00h in Accounting, Advisory Services, Alliance by arccon 23,323 Comments

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

Posted at 20:53h in Accounting, FASB, Financials, Leases & Standards by arccon 19,075 Comments

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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. VIEW...

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13 May Stock Option Repricing: Avoid Accounting and Equity System Pitfalls

Posted at 08:00h in Accounting, Covid-19, Equity, Stock Option, White Pages by arccon 0 Comments

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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. In...

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