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Tag Archives: COVID-19

Managing cash flow in a crisis

June 4, 2020

By Steve Campana, CPA, ABV, CFF® Partner The COVID-19 world pandemic, which has shut down, modified or partially closed businesses across the country and world, has magnified the need for all businesses to anticipate and project their expected cash flows on a weekly basis. We find it helpful to understand managing cash flow through the

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FASB limits delay of revenue recognition and leasing standards for private companies and nonprofits

June 3, 2020

On June 3, 2020, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) that grants a one-year effective date delay for certain companies and organizations applying the revenue recognition and leases guidance. The ASU permits private companies and nonprofit organizations that have not yet issued financial statements adopting the revenue recognition standard

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