Tag Archives: accounting

New lease standard: What you need to know

August 16, 2019

By  Mike Campana, partner Many of our private company clients that prepare financial statements using Generally Accepted Accounting Principles are spending the summer preparing to implement the Financial Accounting Standards Board’s Revenue Recognition standard. It needs to be fully implemented before they report their Dec. 31, financial results to their banks and shareholders. However, revenue […]

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FASB issues proposal to delay for lease, CECL standards

July 18, 2019

The Financial Accounting Standards Board (FASB) voted July 17, 2019, to propose delays to the effective dates of the new lease standard for private companies as well as the new credit loss (CECL) standard. Coming on the heels of the implementation of the new revenue recognition standard, this consideration stems from concern over the amount […]

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