Centri Insights

06/28/2019

FASB Simplifies Accounting for Goodwill & Certain Identifiable Assets for NFPS

The FASB issued ASU 2019-06, Extending the Private Company Accounting Alternatives on...

06/25/2019

Valuation of Portfolio Company Investments – Important Reminders

The AICPA’s Financial Reporting Executive Committee (“FinREC”) released a working draft of...

06/20/2019

ASC 842 is Here. Are You Ready?

ASC 842, Leases, became effective for public business entities for annual periods...

05/07/2019

FASB Issues Improvements to Leases Standard for Lessor Financial Institutions

The FASB issued ASU 2019-01, Leases, ASC 842, Codification Improvements, to ease...

04/30/2019

Risk Management and the Three Lines of Defense Model

Organizations are operating in an ever-changing and increasingly complex environment. The use...

04/26/2019

SEC Modernizes and Simplifies Certain Disclosure Requirements in Regulation S-K

On March 20, 2019, the SEC adopted amendments to modernize and simplify...

04/12/2019

FASB Simplifies Goodwill Impairment Test

Details: The FASB recently issued ASU 2017-04 to simplify how all entities...

02/25/2019

Accounting Update & Risk Considerations for Cloud Computing Arrangements

In August 2018, Financial Accounting Standards Board (FASB) issued ASU 2018-15 Intangibles-Goodwill...

02/22/2019

ASC 606 Implementation Services – Observations from Early and Standard Adopters

The Financial Accounting Standards Board (“FASB”) issued ASC 606, Revenues from Contracts...

02/18/2019

Modernization of Property Disclosures for Mining Registrants

The SEC adopted amendments to modernize property disclosures for mining registrants recently...

02/12/2019

Financial Statement Requirements for a Significant Acquisition

It is important to understand the implications of acquiring a business as...

02/01/2019

ASC 842 Implementation Services – Available Practical Expedients

Implementation of ASC 842, Leases, can seem daunting due to the substantial...