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Five FAQs about Embedded Leases
#1: What is an Embedded Agreement? According to ASC 842, a contract contains a lease if, “the contract conveys the right to control the use of identified property, plant, or equipment
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BMSS Presents: A Government Contracting Summit
Register now for our in-person event! Register Seven (7) hours of CPE will be awarded for attending the whole day.
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New Lease Standard – How It Affects Contractors
Written by Daniel Brock, CPA, CVA In 2016, the Financial Accounting Standards Board (FASB) issued a new standard that will significantly change how businesses record and report their leases. The
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Revenue Recognition: Are You Ready for the New Standard?
Written by Derrel Curry, CPA, CGMA and Stephen Von Hagel, CPA, CGMA As many of you are aware, in 2014, the Financial Accounting Standards Board (FASB) issued a new standard
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Data Analytics – How Can They Benefit You?
Written by Tyler Crawford, CPA When it comes to audits, people typically picture tons of paperwork, rows and rows of journal entries to go through and hours spent gathering data
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SOC Reports – Building Trust and Providing Assurance
Written by Michael Eanes, CPA As technology continues to grow and affect each area of our lives and businesses, it becomes more and more important for technology and software companies to
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