The CFO’s Daily Checklist
Inside 10 to-do list items of top finance leaders There isn’t a “typical day” in the life of a CFO, yet the most accomplished finance leaders adhere...
To us it's simple...
"Do things the right way. For the right reasons. Good things will follow."
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ProNexus Admin : Aug 4, 2022 3:08:59 PM
Public Knowledge, Private Lessons: Implementing & Maintaining the New Lease Accounting Standard (ASC 842)
Public companies have had to comply with the new lease accounting standard since the beginning of 2019. Analysis of their preparation successes and challenges provides critical ASC 842 lessons for private companies approaching a 2022 deadline. Explore the five lessons learned we’ve observed:
ASC 842 dramatically increases the number of leases that companies may need to record on their balance sheets. The standard will likely have far-reaching implications, affecting areas such as accounting, real estate, legal, procurement, and technology. But companies do not need to start from scratch. ASC 842 lessons for private companies can be learned from their counterparts in the public arena, pointing out potential pitfalls and turning compliance into an ongoing advantage.
Inside 10 to-do list items of top finance leaders There isn’t a “typical day” in the life of a CFO, yet the most accomplished finance leaders adhere...
In the realm of finance, the principles of accounting are fundamental to understanding the financial health and operations of any organization,...
A comprehensive year-end accounting checklist is crucial to ensure a smooth transition into the new fiscal year and to meet financial reporting...
The new lease standard (ASC 842 and GASB 87 in the U.S. and IFRS 16 internationally) is intended to account for all lease obligations on financial...
The New Lease Accounting Standard Checklist: How to Identify Embedded Leases While embedded leases are not a new concept in accounting, they are now...
If you are using spreadsheets to maintain your leases, you know what a pain those spreadsheets can be. They are error-prone, difficult to adjust,...