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FASB Wish List In-Depth Part 5

Toward the end of 2020, we published a Lease Accounting Holiday Wish List for organizations that still need to adopt ASC 842, IFRS 16, and GASB 87. This is the fifth in a series of articles to provide detail for each of those wish list items. 5: Early Vendor Involvement With many companies yet to adopt the … Continued

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Insight Into The Jackson Cross Award-Winning Compliance Process

     As anyone who works on commission knows, perseverance is a critical skill. “Wins” and recognition are often spread out over time, leading to job frustration and discouragement. Many of us have creative ways to combat this doubt. Perhaps it’s a “ Yes, I Can” file of past awards to reference when we need to … Continued

Cross Functional Team

FASB Wish List In-Depth Part 4

Toward the end of 2020, we published a Lease Accounting Holiday Wish List for organizations that still need to adopt ASC 842, IFRS 16, and GASB 87. This is the fourth in a series of articles to provide detail for each of those wish list items.

FASB Wish List In-Depth Part 3

Toward the end of 2020, we published a Lease Accounting Holiday Wish List for organizations that still need to adopt ASC 842, IFRS 16, and GASB 87. This is the third in a series of articles to provide detail for each of those wish list items.

FASB Wish List In-Depth Part 2

Toward the end of 2020, we published a Lease Accounting Holiday Wish List for organizations that still need to adopt ASC 842, IFRS 16, and GASB 87. This is the second in a series of articles to provide detail for each of those wish list items.

FASB Wish List In-Depth Part 1

Toward the end of 2020, we published a Lease Accounting Holiday Wish List for organizations that still need to adopt ASC 842, IFRS 16, and GASB 87. This is the first in a series of articles to provide detail for each of those wish list items.

New Challenges Managing Global Portfolios

As many large international companies are learning, the conversion to ASC 842 and IFRS 16 was not a process that ended with the transition date or first annual reporting cycle. In addition to dealing with both US GAAP and IFRS reporting, the underlying challenges of maintaining accurate data, reconciling financials, dealing with different languages and … Continued

With Short-Term Leases, What Could Go Wrong?

Thanks for the great feedback on my last post on short-term leases, I received a few questions about this statement on potential negative impacts, “Signing short-term leases exposes a lessee to tremendous risk in retaining the underlying asset, and to predict the cost of that lease.” I’ll expand on those two risks here.

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Short-Term Leases Will Not Save Your Balance Sheet

In the lead up to, and adoption of, the new lease accounting standards, many have looked at short-term leases to manage the impact on corporate balance sheets. However, they may be providing false hope.