Recent articles
It Is Time to Bring Order to the M&D Lease Universe
Public company accounting departments closing the books on 2017 may find it difficult to take a breath. Fresh from filing their 10-K and finalizing their preparation for the FASB’s new revenue recognition standard (ASC 606) effective in 2018, it is time to prepare for...
Revenue Recognition: Accounting for Franchisor Revenues
This article provides information about ASC 606.
FASB Drafts Update to Make Leases Standard Easier to Prepare
Read about FASB’s proposed updates to new accounting standards.
Private Company Accounting Standards
The CPA profession has been debating the concept of separate accounting standards for closely held businesses for over 40 years. In the December 1972 Journal of Accountancy, two CPAs expressed frustration with small organizations being required to comply...
Setting the Audit Committee Agenda for 2018
With new accounting standards, audit quality pressures from the Public Company Accounting Oversight Board (PCAOB) and uncertainty in the business and regulatory environment, many audit committee members I talk to say they feel tasked to the limit. This is not new....
FASB to Address Land Easements in Upcoming Lease Update
FASB issued an update to help preparers with land easements.