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PERSPECTIVE: SEC COMMENT LETTER TRENDS – A PROACTIVE APPROACH

Our Accounting and Finance team has published a compelling whitepaper discussing SEC Comment Letter Trends. Although the number of comment letters issued by the SEC have declined in recent years, the focus on key topics…

PERSPECTIVE: Amendments to Smaller Reporting Company Definition

The Securities and Exchange Commission (“SEC”) affirms the need to review its rules to solicit input and review in order to determine whether they are outdated or not functioning as designed.  The release of ruling…

PERSPECTIVE: Implementation Costs Incurred in a Cloud Computing Arrangement

This update aligns requirements for capitalization of implementation costs in Cloud Computing Arrangements with existing guidance for capitalization of implementation costs forInternal-Use Software.  In addition, the update addresses previous diversity in practice used by entities.…

PERSPECTIVE: Controlling the Project – Critical Elements to Achieve Success

To ensure the success of a project, it is important to define how organizations manage potential risks which may arise during the course of the project and whether companies decide to transfer, accept, or work…

PERSPECTIVE: Why CFOs Should Govern Data Analytics

Big data and data analytics are becoming ever more prevalent in today’s business environment. Many firms currently use big data/analytics for informed decision making and improved operations efficiency. Given that finance is usually the driver…

PERSPECTIVE: Modified Retrospective Transition Method

This update permits entities to use an optional transition method and allows the continued use of lease guidance in ASC 840 for comparative periods presented in the adoption year of ASC 842. This approach is…

PERSPECTIVE: Land Easement Practical Expedient for Transition to Topic 842

If part of your 2019 planning includes evaluation of the existing land easements, Fidato Partners would like to share an update issued by The Financial Accounting Standards Board (FASB): Land Easement Practical Expedient for Transition…

PERSPECTIVE: Premium Amortization On Purchased Callable Debt Securities

As we move towards the end of 2018 and our clients and others begin planning for 2019, we would like to remind everyone of guidance in Accounting Standards Update (ASU) 2017-08, Receivables – Nonrefundable Fees…