Tag: financial reporting
Accounting & Reporting Considerations During the COVID-19 Pandemic
With the continued spread of COVID-19 and its overwhelming effect on the global economy, we…
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Revenue Recognition Compliance: Don’t Forget About Sales Commissions
The new revenue recognition standard (ASC 606) is now in effect for both public and…
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SEC Proposes More Changes to Modernize Regulation S-K Disclosure
On August 8, 2019, the SEC proposed amendments to the description of business, legal proceedings, and risk…
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Certain Private-Company Accounting Standards Now Extended to Nonprofits
On May 30, 2019, the FASB issued ASU 2019-06, Extending the Private Company Accounting Alternatives…
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Understanding Internal Control Over Financial Reporting
Internal Control over Financial Reporting (ICFR) has been required for public companies and included as…
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Cryptocurrency: The Top Things You Need to Know
The world of crypto investing is still relatively uncharted territory. It is important to understand…
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Understanding the New Leasing Standard: Definition of a Lease
Under its core principle, a lessee will recognize right-of-use (“ROU”) assets and related lease liabilities…
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The Scleroderma Foundation
The largest nonprofit funder of medical research, The Scleroderma Foundation reflects on its partnership with…
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SEC Eliminates Outdated and Redundant Disclosure Requirements
The SEC recently adopted rule amendments to eliminate redundant and outdated disclosure requirements of Regulations…
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FASB Issues Clarifications to Leases Standard
The FASB issued ASU 2018-10 which affects narrow aspects of the guidance in ASU 2016-02, Leases (Topic…
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