01 Aug 2017 FASB Clarifies Accounting for Leases
Details: The Financial Accounting Standards Board (“FASB”) issued ASU 2016-02 in February of 2016 to create ASC 842, Leases, and supersede the leases requirements in ASC 840, Leases. ...
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29 Jun 2017 Focus: ASC 606, Revenue from Contracts with Customers
Details: The Financial Accounting Standards Board (“FASB”) issued ASC 606, Revenues from Contracts with Customers, and ASC 340-40, Other Assets and Deferred Costs – Contracts with Customers, and the International...
22 Jun 2017 FASB Clarifies Accounting for Modifications of Share-Based Payments
Details: The FASB recently issued ASU 2017-09, Scope of Modification Accounting, to clarify which changes to the terms or conditions of a share-based payment award require an entity to apply...
23 May 2017 Fasb Clarifies The Definition Of A Business
Details: The FASB recently issued ASU 2017-01 to clarify the definition of a business, which is fundamental in the determination of whether transactions should be accounted for as acquisitions (or...
10 May 2017 Sarbanes-Oxley Compliance
Centri Business Consulting is dedicated to providing the highest quality finance and accounting consulting services to its clients by being reliable and responsive to their needs. At Centri we assist...
01 May 2017 Focus: Revenue Recognition
The revenue recognition standard affects all entities—public, private, and not-for-profit—that have contracts with customers, except for certain items, which include leases accounted for under FASB Accounting Standards Codification (ASC) 840,...