Centri Insights

09/28/2020

FASB Simplifies Accounting for Complex Financial Instruments

The FASB issued ASU 2020-06 (“Update”) to simplify the accounting for convertible...

09/21/2020

SEC Amends and Streamlines Regulation S-K Disclosures

On August 26, 2020, the SEC adopted amendments to the description of...

09/17/2020

Financial Statements of Acquired Businesses

This guide provides a high-level summary of the SEC’s financial statement requirements...

08/18/2020

Seeking Relief: SEC Reporting for Smaller Reporting Companies

The COVID-19 pandemic has triggered market volatility previously unseen by many companies....

08/12/2020

Centri and Bill.com – A Partnership Built for Smarter Business Payments

We use Bill.com to help our customers gain financial control and reduce...

07/22/2020

Main Street Lending Program

As Congress continues to evaluate additional spending to help small and mid-size...

07/13/2020

SEC Staff Provides Supplemental COVID-19 Disclosure Considerations Regarding Operations, Liquidity, and Capital Resources

On June 23, 2020, the SEC’s Division of Corporation Finance (Corp Fin)...

06/29/2020

Exit or Disposal Activities Due to COVID-19

Due to market conditions stemming from COVID-19, entities may choose to sell...

06/22/2020

FASB Provides Optional Relief for Contracts and Transitions Affected by Reference Rate Reforms

The FASB issued ASU 2020-04, Reference Rate Reform (ASC 848): Facilitation of...

06/18/2020

New PPP Loan Forgiveness Applications Released

As of June 17th, 2020, the Paycheck Protection Program has approved approximately...

06/15/2020

SEC Amends Financial Disclosures about Acquired and Disposed Businesses

On May 21, 2020, the SEC issued final rules that amend the...

06/09/2020

Borrower’s Accounting for Paycheck Protection Program Loans

On March 27, 2020, President Trump signed into law the Coronavirus Aid,...