Tag Type
Tag Date Filters
Restaurant MasterClass: Implementing the New Lease Accounting Standard for US GAAP Financial Reporting
Webinar length: 60 min. The new lease accounting standard, ASC 842, is now effective for fiscal years beginning after December 15, 2021. Have you started implementing ASC 842, or do […]
Reminder: PPP Loan Forgiveness
Most companies that received a PPP loan in the second round obtained funds during the first quarter of 2021. Assuming your covered period was 24 weeks and an additional 10 […]
Single Audit Requirement Updates
There has been confusion about the applicability of Single Audits for recipients of federal dollars through the Restaurant Revitalization Fund (RRF) and Economic Injury Disaster Loans (EIDL) programs. Our team […]
ASC 842 Lease Implementation: Don’t Get Left Behind
After a couple of FASB deferrals, ASC 842 lease accounting standard is now effective January 1, 2022, for years beginning after December 15, 2021. That means nearly all calendar year […]
What Is Incremental Borrowing Rate?
Before we hop to it, let’s do a brief overview of the history of two of the most important changes to lease accounting principles in the past few decades, seeing as the […]
What Is Sale And Leaseback?
A sale and leaseback transaction is when the seller of an asset becomes the lessee and the purchaser becomes the lessor. What is Meant By Sale and Leaseback? A sale-leaseback […]