Introduction On May 14, 2014 the FASB issued the standard ASC 606 Recognition of Revenue from Contracts with Customers. It is a converged standard with the IASB (IFRS 15) The FASB issued an Accounting Standards update to the Standard (ASU 2016 -10) in April 2016. The implementation date for the standard is: For public business… Continue reading The New Revenue Recognition Standard (ASC 606)
Archives: Posts
The New Revenue Recognition Standard (ASC 606)
Introduction On May 14, 2014 the FASB issued the standard ASC 606 Recognition of Revenue from Contracts with Customers. It is a converged standard with the IASB (IFRS 15) The FASB issued an Accounting Standards update to the Standard (ASU 2016 -10) in April 2016. The implementation date for the standard is: For public business… Continue reading The New Revenue Recognition Standard (ASC 606)
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 to CECL, and that many foundational… Continue reading The CECL Approach, 3 of 3
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 to CECL, and that many foundational… Continue reading The CECL Approach, 3 of 3
Physician Practices: Changing Dynamics
In our introductory article introducing our healthcare practice, we provided a general assessment of the American Healthcare system and the state of flux that currently overshadows the industry and its practitioners. There are significant changes that are profoundly affecting individual practitioners and small physician groups that require self-assessment and adjustment to survive in the changing… Continue reading Physician Practices: Changing Dynamics
Physician Practices: Changing Dynamics
In our introductory article introducing our healthcare practice, we provided a general assessment of the American Healthcare system and the state of flux that currently overshadows the industry and its practitioners. There are significant changes that are profoundly affecting individual practitioners and small physician groups that require self-assessment and adjustment to survive in the changing… Continue reading Physician Practices: Changing Dynamics