Implementation of the New Lease Standards by Lessors Under the ASC 842 (Part 2) Mark Sloan, Director, CFO Consulting Partners In our newsletter for January 2018, we discussed the new guidelines under ASC Section 842 regarding the recognition and financial reporting of leases. In that newsletter, the focus was primarily on the lessee, as there… Continue reading Newsletter – February 2019
Category: Newsletters
Biweekly Newsletter-Whether or Not a Full Time CFO is Necessary
For many companies, the question about whether or not a full time CFO is necessary is often a question that is overlooked and small companies will rush into hiring an expensive CFO rather than outsourcing the work. Below are multiple articles related to whether a full time CFO is necessary: -In Patrick Curtis’s article, titled “Hiring or… Continue reading Biweekly Newsletter-Whether or Not a Full Time CFO is Necessary
Biweekly Newsletter- Trends for 2019
CFO Consulting Partners first wants to wish everyone a very Happy New Year! As we look forward towards any New Year, it is important to think about what new trends could be impacting your business. Below are multiple articles related to small business trends of 2019: -As with almost any new year, there are a… Continue reading Biweekly Newsletter- Trends for 2019
New Revenue Recognition Standard. If You Think You Have a Lot of Time, Think Again!
If you think you have a lot of time to implement the new revenue recognition standard, you don’t! While revenue may still be recognized under the old standards through December 31, 2018, disclosure will be required about the effects of the January 1 adoption. This disclosure will be expected to be fairly substantive, since the… Continue reading New Revenue Recognition Standard. If You Think You Have a Lot of Time, Think Again!
Newsletter – December 2018
Behavioral Health: Industry Consolidation and Innovation Is on the Way John DeLorenzo, Director, CFO Consulting Partners LLC According to the National Alliance on Mental Illness, 43.8 million people in the U.S., or approximately one in five, suffer from mental illness. Approximately 60% of those affected are not treated, in some part due to a shortage of… Continue reading Newsletter – December 2018
Biweekly Newsletter- Fraud
Following up our last biweekly newsletter on the roles of the board of directors, we will be focusing this newsletter on fraud prevention. Fraud is defined, by Investopedia, as “an intentionally deceptive action designed to provide the perpetrator with an unlawful gain, or to deny a right to a victim.” When a firm has poor internal controls, fraud… Continue reading Biweekly Newsletter- Fraud