For anybody in the accounting world, one thing is clear: accounting standards never stay the same. In this multi-part series, “New accounting standards you should know,” I will catch you up on the latest accounting standard updates. Previously, we examined the latest updates for business combination accounting (ASC 805). For our final article of the series, let’s talk about the end of LIBOR.

For anybody in the accounting world, one thing is clear: accounting standards never stay the same. In this multi-part series, “New accounting standards you should know,” I will catch you up on the latest accounting standard updates. Previously, we talked about simplifications to the accounting for complex debt and equity. This week, let’s look at some more improvements, this time in business combination accounting (ASC 805).

For anybody in the accounting world, one thing is clear: accounting standards never stay the same. In this multi-part series, “New accounting standards you should know,” I’ll catch you up on the latest accounting standard updates. Previously, we talked about the current expected credit loss model (CECL) under ASC 326. Today, let’s look at simplifications for complex debt and equity.

For anybody in the accounting world, one thing is clear: accounting standards never stay the same. In this multi-part series, “New accounting standards you should know,” I’ll catch you up on the latest accounting standard updates. Previously, we talked about the recent overhaul to revenue recognition due to ASC 606. Now let’s dive into something even sexier: the Current Expected Credit Loss (CECL) model under ASC 326.

For anybody in the accounting world, one thing is clear: accounting standards never stay the same. Accounting standards boards are constantly updating authoritative guidance to keep accounting in step with the latest business developments and new industries, and recent years have seen an overload of completely new frameworks for critical areas of a business such as revenue recognition, leasing, acquisitions, and investments. We recently touched on the new lease standard of ASC 842; this multi-part series will catch you up on other impactful accounting standard updates to be aware of. Kicking off the series, we look at revenue recognition.

Last week, I introduced you to the flaws of gut instinct and the harsh realities (but necessary wake-up calls) that data can demonstrate as well as author and Nobel Prize winner Daniel Kahneman’s “prospect theory,” which describes how people choose between different options (or prospects) and how they estimate (with bias) the perceived likelihood of these options. Now, let’s talk about how to avoid mistakes that our biased minds are programmed to make.

Watch any episode of Mad Men and you will see Don Draper and his executive peers making big business decisions with their tried-and-true gut instincts. While fictional characters continue to see success with this approach, it’s quickly becoming an archaic way of doing business in the real world. Executives are now embracing technology like data analytics to bolster their decision-making. Learn how the process of business intelligence can help with driving your company’s strategy – no matter the size of your business.

ESG criteria are becoming increasingly popular in the market and in the world of business, and regulators are starting to follow suit. Their first topic of focus: climate change. We introduced you to the some of the new disclosures that may be required in the near future. This week, we close with the audit and/or review requirements over those disclosures. Get ready for attestation 101.

ESG criteria are becoming increasingly popular in the market and in the world of business, and regulators are starting to follow suit. Their first topic of focus: climate change. Last week, we broke down the SEC’s proposed disclosure requirements for publicly traded companies in the US. This week, we examine exactly what those disclosures may be.

ESG criteria are becoming increasingly popular in the market and in the world of business, and regulators are starting to follow suit. Their first topic of focus: climate change. Join us for this three-part series as we break down the rules recently proposed by the SEC for publicly traded companies in the US, and see what new disclosures may be required in the near future.

ESG has become a buzzword in the working world recently. The general public wants it, investment companies want to provide it, and companies are being pushed more and more to focus on it. But what the heck does ESG even mean? And why does it matter?

With the passing of this last tax season, many of us (likely all of us at Zeroed-In) will try to forget about taxes for the next 8 months until we have to go through year-end filings again. And to be clear, Zeroed-In is not a tax consulting firm nor do we claim to be tax experts; however, it’s worth compiling information on some of the tax relief available for businesses in 2020 and 2021 as a result of COVID-19.

Last week, we discussed the reason for the sudden popularity of Special Purpose Acquisition Companies, the long runway of the standard IPO process and alluded to the challenges to consider when deciding to go the SPAC route. Let’s examine those challenges now.

SPACs (or Special Purpose Acquisition Companies) have exploded in the business scene, initially gaining global popularity in 2020. Providing a less-intensive path to the traditional IPO process, nonpublic businesses have more options to go public than ever before. While going public is now in sight, there are still significant financial challenges to be considered as you begin the SPAC process. In this two-part series, I will explain a common SPAC scenario and the possible risks to assess when deciding to take the SPAC route.

As I get older and progress through my career, I find that there are two qualities that all high performers exhibit on a daily basis. Before I dive in, think about someone at your current or previous job that you admired or was the “go-to individual” to accomplish a task. I can almost guarantee you that they had two very important qualities. Those qualities are Accountability and the Ability to Execute.

Last week, I shared with you a bit about the history of cloud computing and its many names and forms. Now let’s chat about the potential benefits of migrating your IT operations off your local premises and into the cloud, including flexible pricing models and rapid scalability.

We see it everywhere in the business world: the mention of SaaS, cloud-based solutions, or a company moving to “the cloud.” As cloud computing becomes the norm and its costs decrease, now may be the best time to start thinking about scrapping your costly computer servers and bringing your organization into the future. Let’s talk about the history of cloud computing, where it’s headed, and how you can take advantage of this system.

The recent conflict arising from the Russian government’s invasion of Ukraine has impacted countless people – both in the affected countries and around the globe. Many countries are now evaluating the uncertain future impact on their own governments and economies as they support Ukraine in its time of need. In this article, we focus on a few key areas of potential impact for most businesses, specifically as it relates to their accounting and financial reporting, and share an easy way you can support Ukraine through this crisis.

These days, the sheer amount of solution-based software is endless; SaaS and software companies have entered and disrupted just about every department and function of an enterprise. With information overload on the available options, it is becoming harder and harder to find the programs that will benefit your business, especially when you are facing a limited budget and heavier schedule. Allow me to share some of my favorite solutions that will make your life a little easier without breaking the bank.

If you are an early-stage or growing business, there is a good chance you are using a basic accounting system like QuickBooks because at that stage, accounting is relatively simple. But soon your business will grow and the need for US GAAP-compliant financial reporting requires greater time and effort for accounting to keep up. Many QuickBooks users may not be aware of the software’s growing capabilities for automation even within its most basic version – saving you the time needed for other strategic initiatives. Read on as I share a few pro tips to update your QuickBooks experience – whether you’re an employee or contractor.