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Benefits and Challenges of the 4-4-5 Calendar

Benefits and challenges of the 4-4-5 calendar

Explore how the 4-4-5 calendar can streamline financial processes, improve budget accuracy, and simplify fiscal period comparisons. While offering significant benefits, it also introduces challenges, such as system adjustments and complexities in transitioning from a traditional calendar. Dive into the details and learn how to

How to Identify Embedded Leases within Contracts

How to identify embedded leases within contracts

This article addresses the challenges of identifying embedded leases within contracts when adopting the IFRS 16 and ASC 842 lease accounting standards. It emphasizes the need for robust processes and tools to determine if a contract contains an embedded lease according to the requirements of

Adoption Planning and Audit Readiness Go Hand in Hand

Adoption Planning and Audit Readiness Go Hand in Hand

Only a few weeks remain before public companies face the next quarterly requirement to disclose their progress in adopting new lease accounting rules, IFRS 16 and/or ASC 842. With that clock ticking, now is an opportune time to assess not only the status of your

FASB Simplifies the Transition to ASC 842: What Does This Mean?

FASB Simplifies the Transition to ASC 842: What Does This Mean?

The Financial Accounting Standards Board, or FASB, has made decisions it hopes will reduce costs and ease the burden for companies working to adopt new lease accounting rules known as ASC Topic 842. In response to feedback about the effort required to reflect the new

Gender Diversity in the Workplace Matters

Why gender diversity in the workplace matters and how to increase it

The role of women in society has evolved over the decades. Fewer women are staying at home, and more women than ever before are highly educated and participate in top management roles in organizations. However, gender inequality still exists in society, especially within the workforce.

7 Reasons you may have to reorganize

This blog outlines the key scenarios that can trigger the need for an organizational restructuring or transformation within a company. Understanding these potential catalysts allows organizations to proactively identify restructuring needs and leverage tools to model and execute reorganizations effectively.

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