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Lease Accounting: Simplifying the Discount Rate Debacle

November 12, 2018 Discount rates are one of the new data points that need to be captured when implementing the new lease accounting standard. The guidance for non-public companies is more lenient than that for public companies, but it will require significant consideration as the adoption date quickly approaches.

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The Power of a #thankfulCPA

November 8, 2018 During this busy time of the year, when someone takes the time to say “Thank you!” that intentional expression of appreciation can be even more meaningful. Use these five easy steps to build a culture of appreciation at work.

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IRS Issues Tax Preparer Due Diligence Rules

November 7, 2018 The Treasury Department and the Internal Revenue Service recently issued final regulations expanding the long-standing paid preparer due diligence requirement to include individual income tax returns claiming the head of household filing status.

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FASB Proposal Addresses Accounting for Television Series

November 7, 2018 The Financial Accounting Standards Board (FASB) recently issued a proposed Accounting Standards Update (ASU) that would align the accounting for production costs for films and episodic content produced for television and streaming services.

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FASB Improves Collaborative Arrangement Accounting Rules

November 5, 2018 The Financial Accounting Standards Board (FASB) recently issued an Accounting Standards Update (ASU) that clarifies the interaction between the guidance for certain collaborative arrangements and the Revenue Recognition financial accounting and reporting standard.

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