The CECL Approach, 3 of 3 For this newsletter CFO Consulting Partners has partnered with Ardmore Banking Advisors to review the potential material financial benefits of a well planned and executed implementation of the new current expected credit loss (“CECL”) accounting standard. Most banks have an awareness of the need to prepare for the transition… Continue reading Newsletter – March 2018
Category: Featured
CFO Consulting Partners Sponsors an ACG Philadelphia Event, March 15th
CFO Consulting Partners is the proud sponsor of an ACG Philadelphia event on March 15th. Event Title: Private Equity-Backed CEO Perspectives Date: Thursday, March 15, 2018 Time: 7:15 AM Registration, 8:00 – 9:00 AM Program Location: Union League, Philadelphia, PA Link to Register
Newsletter – February 2018
A.M. Best Updates Its Rating Methodologies and Capital Model Marc Liebowitz, CFO Consulting Partner LLC A.M. Best (AMB) recently revised its rating methodologies, most of the changes relate to updated procedures and the underlying analytical components have generally remained in place. The below videos provide an overview of the methodology updates: “A.M. Best’s Mosher: Methodology… Continue reading Newsletter – February 2018
Newsletter – January 2018
Implementations of the New Lease Standards Under the ASC 842 Mark Sloan, CPA, CFO Consulting Partners On February 25, 2016, the FASB issued new guidelines under ASC Section 842 regarding the recognition and financial reporting of leases. The new standard will impact both lessees and lessors, with the most significant impact falling upon lessees. The… Continue reading Newsletter – January 2018
Newsletter – December 2017
Physician Practices: The Future is Changing John DeLorenzo, MBA, CFO Consulting Partners LLC The United States possibly has the most complex healthcare system in the world. The American healthcare system regulates the industry at both the federal and state level. It is paid for by private health insurance as well as from the government under… Continue reading Newsletter – December 2017
Newsletter – November 2017
Are You Ready for the New Revenue Recognition Standard? Oliver Brooks, CPA, CFO Consulting Partners LLC INTRODUCTION On May 14, 2014 the FASB issued the standard ASC 606 Recognition of Revenue from Contracts with Customers. The FASB issued an Accounting Standards update to the Standard (ASU 2016 -10) in April 2016. The implementation date for… Continue reading Newsletter – November 2017