Earlier this year, companies are required to record operating leases, such as equipment, office space, planes, and cars. It’s estimated that this new rule will pull up to $3 trillion into the spotlight, expenses that were previously often buried in footnotes rather than recorded on balance sheets. Up to this point, companies were only mandated…
New accounting rules as of December are changing how companies account for revenue from services and sales. These changes were in the works for over a decade and situate the U.S. closer to international guidelines. For multi-entity and especially international companies, these changes can only benefit the bottom line and simplify accounting processes. The new…
As an accounting professional, you already know the importance of compliance, and now, compliance is as important as ever. The Securities and Exchange Commission (SEC) gave final approval in October 2017 to a regulation that requires auditors to tell investors about what they learn when they audit a company’s books. The requirement calls for auditors…
Compliance is important to you as an accounting professional. Keep abreast of the latest regulation and compliance standards by using Flexi.com’s suite of products and services. The banking industry is one of the most regulated industries in the U.S., and the Office of the Comptroller of the Currency (OCC), the Federal Reserve, and the FDIC…