Financial Advisory Blog

Armanino’s Financial Advisory blog is your source for thought leadership around cloud ERP and accounting solutions and integrations. Supported by the Cloud Accounting Institute and numerous experts in cloud, finance, reporting, integration, compliance, and technology, Armanino’s Financial Advisory blog features must-read content on what’s happening in the finance industry, case studies, white papers, and much more.

December 11, 2019

Do You Have a ‘Swiss Army Knife’ for Specialized Accounting and HR?

After surviving the startup phase and several years of business, it’s common for companies to have one to three accounting generalists staffing the back office, covering day-to-day tasks.  But this is also when a business typically starts to have some very specialized accounting, payroll and HR requirements that their teams can’t handle. Companies at this …

October 17, 2019

The FASB Lease Accounting Standard Delay – What Does It Mean?

The Financial Accounting Standards Board recently approved a one-year delay in the adoption date of the new lease accounting standard (Accounting Standards Update 842 – Leases) for private companies and not-for-profit organizations. The implications of that delay vary significantly depending on each entity’s operations and reporting requirements. Although FASB has deferred the private company adoption …

July 19, 2019

FASB Votes to Propose Deferral of Lease Accounting Compliance

On Wednesday, July 17, 2019, FASB proposed delaying the effective dates for four key standards, including extending the lease accounting deadline for private companies and nonprofits to January 1, 2021. There is a 30-day public comment period, but it is highly likely that these proposed delays will pass. Here’s what it means for lease accounting …

January 15, 2019

Year-End Accounting, Planning and Preparation

It’s that time of the year where you need to close out your year-end processes and plan for the new year. There are a lot of moving pieces, so to help keep you on track, here are 6 topics we recommend keeping in mind: 1. Due Dates According to our experts, these 5 key dates …