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Evelyn has over 15 years of experience in the public accounting profession, providing strategic advice and tax planning to her clients. Her expertise includes Foreign Bank and Financial Account (FBAR) reporting, foreign trusts, controlled foreign corporations, and passive foreign investment companies. Los Angeles-based CPA Firm, KROST CPAs and Consultants, welcomes Evelyn Fernandez, CPA, MST , as a new Principal. MORE
Jason Miller and Shane Schuh with KSM’s Transportation Services Group will present “Lease Accounting Update and its Impact on the Transportation Industry” to members of the Iowa Motor Truck Association on Dec. In this webinar conversation, Miller and Schuh will detail key changes brought about by the Financial Accounting Standards Board (FASB) Accounting Standards Update No. 15, 2018 and is the first comprehensive overhaul in lease accounting in approximately 40 year MORE
Yesterday, the Financial Accounting Standards Board (FASB) voted to approve proposals to amend the effective dates for several major Accounting Standards Updates (ASUs). The FASB voted to issue final ASUs to amend the effective dates of the following ASUs MORE
As companies adjust to their new normal under COVID-19 and most put revenue recognition accounting implementation in their rearview mirror, lease accounting arises once again as a hot topic. MORE
A yearly financial close can be a laborious process that accounting and finance departments dread. It requires tracking down information from other departments, ensuring financials are accurate, and identifying/correcting errors. MORE
The information exposed in the attack included personal and financial information and affected around 1,300 people, according to information filed with Maine's attorney general. Guess , the U.S.-based MORE
The Financial Accounting Standards Board (FASB) regularly issues Accounting Standards Updates (ASUs) to make changes to the FASB Codification, the primary source of Accounting Principles Generally Accepted in the United States (GAAP). Below are select ASUs that were recently issued. This update covers ASU 2018-18, 2018-19, and 2018-20 MORE
That means nearly all of these businesses will be impacted by the Financial Accounting Standards Board’s (FASB) update to the accounting standards for leases under generally accepted accounting principles in the United States (GAAP). MORE
The Financial Accounting Standards Board (FASB) recently issued Accounting Standards Update (ASU) No. 2018-08, Not-for-Profit Entities (Topic 958): Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made (ASU 2018-08) that clarifies and improves the scope and accounting guidance around contributions of cash and other assets received and made by not-for-profit organizations (NFPs) and business entities. MORE
Many small business government contractors are exempt from complying with cost accounting standards (CAS) and defined by the code of federal regulations (CFR). However, compliance with generally accepted accounting principles (GAAP) is required. MORE
The Financial Accounting Standards Board (FASB) regularly issues Accounting Standards Updates (ASUs) to make changes to the FASB Codification, the primary source of Accounting Principles Generally Accepted in the United States (GAAP). Below are select ASUs that were recently issued MORE
Quovo, a data platform providing insights and connectivity for financial accounts, announced Wednesday (April 26) that it has raised $10 million in Series B funding. In a press release , the company said F-Prime Capital and Napier Park Financial Partners co-led the round and were joined by existing investors, FinTech Collective and Long Light Capital. MORE
In recent years, the Financial Accounting Standards Board (FASB) received feedback that revenue recognition guidance was fragmented at best, confusing at worst. In response to this feedback, the FASB issued Accounting Standards Update (ASU) No. Generally Accepted Accounting Principles (U.S. This is significant considering revenue is the key measurement used to determine a manufacturing company’s performance. MORE
Recent guidance from the Financial Accounting Standards Board (FASB) confirms that short-term modifications due to the COVID-19 pandemic won’t be subject to the complex accounting rules for troubled debt restructurings (TDRs). MORE
The Financial Accounting Standards Board (FASB) regularly issues Accounting Standards Updates (ASUs) to make changes to the FASB Codification, the primary source of Accounting Principles Generally Accepted in the United States (GAAP). MORE
In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. The Update represents the first comprehensive overhaul in lease accounting in approximately 40 years 2016-02, Leases (Topic 842) (the Update). MORE
I will be teaching Financial Accounting to non-accounting majors. Friday, I start teaching for the first time at my alma mater, Baruch College. MORE
Specializing an Accounting Business: . Accountants are increasingly specializing in response to the commoditization of ‘traditional’ accounting services. Some Accountants will prefer to Stay Close to Accounting. Management accounting. Financial Accounting. MORE
We wanted to build an app that could manage all our financial accounts in one place, but we couldn't find an infrastructure to support our use case and Plaid wasn't available in Africa, so we decided to build the Plaid for Africa, ourselves,” Hassan said in a blog post on Monday (Oct. MORE
The Financial Accounting Standards Board (FASB) has issued a proposed Accounting Standards Update (Exposure Draft) that includes an optional one-year delay in the effective date for certain entities in applying the new lease and revenue recognition standards. MORE
The Financial Accounting Standards Board (FASB) regularly issues Accounting Standards Updates (ASUs) to make changes to the FASB Codification, the primary source of Accounting Principles Generally Accepted in the United States (GAAP). Below is a select ASU that was recently issued MORE
The Financial Accounting Standards Board (FASB) regularly issues Accounting Standards Updates (ASUs) to make changes to the FASB Codification, the primary source of Accounting Principles Generally Accepted in the United States (GAAP MORE
We often hear prospective clients come to us explaining they are in need of clean financials. outsourced accounting services small business bookkeeping financial management financial accounting financial statements accounting analysis clean financials MORE
person that has a financial interest in or signature authority over a foreign financial account—including a bank account, brokerage account, mutual fund, trust, or other type of foreign financial account—may be required to report those accounts and balances to the Department of Treasury’s Financial Crimes Enforcement Network (FinCen). Any U.S. MORE
The event, taking place July 24 at The Westin Nashville, will bring together financial leaders of the country’s top trucking and logistics companies to hear from prominent speakers in the financial, accounting, legal, and banking industries Katz, Sapper & Miller's Jason Miller, Randy Hooper, and Troy Hogan, with the firm’s Transportation Services Group, will present at McLeod Software’s second annual CFO conference. MORE
In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers, as subsequently amended, which resulted in the most significant revision to revenue recognition standards that GAAP has ever seen. One significant impact from ASU 2014-09 relates to the recognition of breakage revenue MORE
The Financial Accounting Standards Board (FASB) regularly issues Accounting Standards Updates (ASUs) to make changes to the FASB Codification, the primary source of Accounting Principles Generally Accepted in the United States (GAAP). MORE
The deadline for private companies to implement the Financial Accounting Standards Board’s (FASB) new lease standard (ASC 482) is quickly approaching. Entities with leasing activities must begin assessing the new standard and determining the impact it will have, including the potential impact to debt covenants. Additionally, entities must ensure that they have strong systems and processes in place for the implementation of this new guidance MORE
person that has a financial interest in or signature authority over a foreign financial account, including a bank account, brokerage account, mutual fund, trust, or other type of foreign financial account may be required to report those accounts and balances to the Department of Treasury’s Financial Crimes Enforcement Network (FinCen Any U.S. MORE
The Financial Accounting Standards Board (FASB) regularly issues Accounting Standards Updates (ASUs) to make changes to the FASB Codification, the primary source of Accounting Principles Generally Accepted in the United States (GAAP MORE
Since small or growing businesses are technically high-risk investments, banks and other financial institutions were reluctant to part with their cash to help eCommerce sellers. . of businesses without financial capital say it negatively impacts their profitability. . MORE
The revenue recognition methodology for the construction industry will change with the adoption of Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers (Topic 606). Topic 606 is effective for public companies for periods beginning after Dec. 15, 2017 and for most non-public companies for periods beginning after Dec. 15, 2018. Early adoption is permitted MORE
With penalties including monetary fines and possible jail time, the Internal Revenue Service (IRS) and Department of the Treasury have shown how seriously they treat violations related to foreign financial account reporting. Considering such tough penalties, it is critical to understand who is required to file, what information is needed, and how recent cases could impact you MORE
The CARES Act (the “Act”) provides temporary relief from FASB Accounting Standards Update (ASU) No. 2016-13, Financial Instruments —Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. MORE
In February 2016, the Financial Accounting Standards Board (FASB) issued one of the most sweeping changes to generally accepted accounting principles in the United States (GAAP) – Accounting Standards Update (ASU) No. MORE
In August 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities MORE
Small Business Advice and Tips small business bookkeeping small business tips small business accounting tips financial management financial accounting business collections financial reporting MORE
The Financial Accounting Standards Board (FASB) regularly issues Accounting Standards Updates (ASUs) to make changes to the FASB Codification, the primary source of Accounting Principles Generally Accepted (GAAP) in the United States. Below are select ASUs that were recently issued MORE
The Financial Accounting Standards Board (FASB) has officially deferred the effective dates of new Accounting Standards Updates (ASUs) related to credit losses, leases, hedging, and long-duration insurance contracts with the issuance of ASU No. 2019-09, Financial Services—Insurance (Topic 944): Effective Date and ASU No. 2019-10, Financial Instruments—Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates MORE
When the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers, it represented perhaps the most extensive changes to accounting standards for revenue recognition ever. Experiencing a number of revisions and amendments since its issuance, the new guidance is effective for calendar years ending Dec. 31, 2018 for public companies and Dec. MORE
Updated accounting rules for long-term leases took effect in 2019 for public companies. Now, after several deferrals by the Financial Accounting Standards Board (FASB), private companies and private not-for-profit entities must follow suit, starting in fiscal year 2022. MORE
Join our restaurant accounting and consulting experts on Tuesday, May 4th at 10AM PT , they will provide a clear understanding of the differences between a “tip” and a “service charge.” MORE
The Financial Accounting Standards Board (FASB) regularly issues Accounting Standards Updates (ASUs) to make changes to the FASB Codification, the primary source of Accounting Principles Generally Accepted in the United States (GAAP MORE
financial accounting Related Topics Katz,Sapper&Miller
JUNE 25, 2018
With penalties including monetary fines and possible jail time, the Internal Revenue Service (IRS) and Department of the Treasury have shown how seriously they treat violations related to foreign financial account reporting. Considering such tough penalties, it is critical to understand who is required to file, what information is needed, and how recent cases could impact you
AccountingDepartment
AUGUST 25, 2021
A yearly financial close can be a laborious process that accounting and finance departments dread. It requires tracking down information from other departments, ensuring financials are accurate, and identifying/correcting errors.
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AccountingDepartment
JULY 12, 2021
Small Business Advice and Tips small business bookkeeping small business tips small business accounting tips financial management financial accounting business collections financial reporting
AccountingDepartment
NOVEMBER 3, 2020
We often hear prospective clients come to us explaining they are in need of clean financials. outsourced accounting services small business bookkeeping financial management financial accounting financial statements accounting analysis clean financials
PYMNTS
APRIL 27, 2017
Quovo, a data platform providing insights and connectivity for financial accounts, announced Wednesday (April 26) that it has raised $10 million in Series B funding. In a press release , the company said F-Prime Capital and Napier Park Financial Partners co-led the round and were joined by existing investors, FinTech Collective and Long Light Capital.
MarkFriedlich
MARCH 30, 2020
The CARES Act (the “Act”) provides temporary relief from FASB Accounting Standards Update (ASU) No. 2016-13, Financial Instruments —Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.
Marlogin,Winer&Evens
AUGUST 31, 2021
Updated accounting rules for long-term leases took effect in 2019 for public companies. Now, after several deferrals by the Financial Accounting Standards Board (FASB), private companies and private not-for-profit entities must follow suit, starting in fiscal year 2022.
SMBAccountant
DECEMBER 2, 2020
Many small business government contractors are exempt from complying with cost accounting standards (CAS) and defined by the code of federal regulations (CFR). However, compliance with generally accepted accounting principles (GAAP) is required.
Katz,Sapper&Miller
OCTOBER 30, 2020
The Financial Accounting Standards Board (FASB) regularly issues Accounting Standards Updates (ASUs) to make changes to the FASB Codification, the primary source of Accounting Principles Generally Accepted in the United States (GAAP).
Marlogin,Winer&Evens
SEPTEMBER 21, 2020
Recent guidance from the Financial Accounting Standards Board (FASB) confirms that short-term modifications due to the COVID-19 pandemic won’t be subject to the complex accounting rules for troubled debt restructurings (TDRs).
PANALITIX
MAY 31, 2021
Specializing an Accounting Business: . Accountants are increasingly specializing in response to the commoditization of ‘traditional’ accounting services. Some Accountants will prefer to Stay Close to Accounting. Management accounting. Financial Accounting.
Katz,Sapper&Miller
JUNE 5, 2020
The Financial Accounting Standards Board (FASB) regularly issues Accounting Standards Updates (ASUs) to make changes to the FASB Codification, the primary source of Accounting Principles Generally Accepted in the United States (GAAP
Katz,Sapper&Miller
MAY 20, 2020
The Financial Accounting Standards Board (FASB) regularly issues Accounting Standards Updates (ASUs) to make changes to the FASB Codification, the primary source of Accounting Principles Generally Accepted in the United States (GAAP
|
Katz,Sapper&Miller
DECEMBER 17, 2019
The Financial Accounting Standards Board (FASB) regularly issues Accounting Standards Updates (ASUs) to make changes to the FASB Codification, the primary source of Accounting Principles Generally Accepted in the United States (GAAP).
Katz,Sapper&Miller
FEBRUARY 26, 2020
Katz,Sapper&Miller
OCTOBER 17, 2019
Yesterday, the Financial Accounting Standards Board (FASB) voted to approve proposals to amend the effective dates for several major Accounting Standards Updates (ASUs). The FASB voted to issue final ASUs to amend the effective dates of the following ASUs
Katz,Sapper&Miller
MAY 29, 2019
The Financial Accounting Standards Board (FASB) regularly issues Accounting Standards Updates (ASUs) to make changes to the FASB Codification, the primary source of Accounting Principles Generally Accepted in the United States (GAAP). Below are select ASUs that were recently issued
Katz,Sapper&Miller
APRIL 22, 2020
The Financial Accounting Standards Board (FASB) has issued a proposed Accounting Standards Update (Exposure Draft) that includes an optional one-year delay in the effective date for certain entities in applying the new lease and revenue recognition standards.
Katz,Sapper&Miller
NOVEMBER 26, 2018
The Financial Accounting Standards Board (FASB) regularly issues Accounting Standards Updates (ASUs) to make changes to the FASB Codification, the primary source of Accounting Principles Generally Accepted in the United States (GAAP
Katz,Sapper&Miller
MARCH 3, 2020
That means nearly all of these businesses will be impacted by the Financial Accounting Standards Board’s (FASB) update to the accounting standards for leases under generally accepted accounting principles in the United States (GAAP).
Katz,Sapper&Miller
NOVEMBER 22, 2019
In February 2016, the Financial Accounting Standards Board (FASB) issued one of the most sweeping changes to generally accepted accounting principles in the United States (GAAP) – Accounting Standards Update (ASU) No.
Katz,Sapper&Miller
FEBRUARY 9, 2017
person that has a financial interest in or signature authority over a foreign financial account, including a bank account, brokerage account, mutual fund, trust, or other type of foreign financial account may be required to report those accounts and balances to the Department of Treasury’s Financial Crimes Enforcement Network (FinCen Any U.S.
Katz,Sapper&Miller
FEBRUARY 26, 2018
The Financial Accounting Standards Board (FASB) regularly issues Accounting Standards Updates (ASUs) to make changes to the FASB Codification, the primary source of Accounting Principles Generally Accepted (GAAP) in the United States. Below are select ASUs that were recently issued
xendoo
JULY 14, 2021
Since small or growing businesses are technically high-risk investments, banks and other financial institutions were reluctant to part with their cash to help eCommerce sellers. . of businesses without financial capital say it negatively impacts their profitability. .
Katz,Sapper&Miller
MAY 25, 2016
person that has a financial interest in or signature authority over a foreign financial account—including a bank account, brokerage account, mutual fund, trust, or other type of foreign financial account—may be required to report those accounts and balances to the Department of Treasury’s Financial Crimes Enforcement Network (FinCen). Any U.S.
Katz,Sapper&Miller
NOVEMBER 21, 2019
The Financial Accounting Standards Board (FASB) has officially deferred the effective dates of new Accounting Standards Updates (ASUs) related to credit losses, leases, hedging, and long-duration insurance contracts with the issuance of ASU No. 2019-09, Financial Services—Insurance (Topic 944): Effective Date and ASU No. 2019-10, Financial Instruments—Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates
Katz,Sapper&Miller
SEPTEMBER 27, 2017
In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. The Update represents the first comprehensive overhaul in lease accounting in approximately 40 years 2016-02, Leases (Topic 842) (the Update).
Katz,Sapper&Miller
AUGUST 27, 2017
In August 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities
Katz,Sapper&Miller
AUGUST 22, 2019
The Financial Accounting Standards Board (FASB) regularly issues Accounting Standards Updates (ASUs) to make changes to the FASB Codification, the primary source of Accounting Principles Generally Accepted in the United States (GAAP). Below is a select ASU that was recently issued
KROST
AUGUST 17, 2021
Evelyn has over 15 years of experience in the public accounting profession, providing strategic advice and tax planning to her clients. Her expertise includes Foreign Bank and Financial Account (FBAR) reporting, foreign trusts, controlled foreign corporations, and passive foreign investment companies. Los Angeles-based CPA Firm, KROST CPAs and Consultants, welcomes Evelyn Fernandez, CPA, MST , as a new Principal.
PYMNTS
OCTOBER 11, 2021
We wanted to build an app that could manage all our financial accounts in one place, but we couldn't find an infrastructure to support our use case and Plaid wasn't available in Africa, so we decided to build the Plaid for Africa, ourselves,” Hassan said in a blog post on Monday (Oct.
Katz,Sapper&Miller
FEBRUARY 25, 2019
The Financial Accounting Standards Board (FASB) regularly issues Accounting Standards Updates (ASUs) to make changes to the FASB Codification, the primary source of Accounting Principles Generally Accepted in the United States (GAAP). Below are select ASUs that were recently issued. This update covers ASU 2018-18, 2018-19, and 2018-20
Katz,Sapper&Miller
DECEMBER 18, 2018
The revenue recognition methodology for the construction industry will change with the adoption of Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers (Topic 606). Topic 606 is effective for public companies for periods beginning after Dec. 15, 2017 and for most non-public companies for periods beginning after Dec. 15, 2018. Early adoption is permitted
KROST
APRIL 13, 2021
Join our restaurant accounting and consulting experts on Tuesday, May 4th at 10AM PT , they will provide a clear understanding of the differences between a “tip” and a “service charge.”
PYMNTS
JULY 12, 2021
The information exposed in the attack included personal and financial information and affected around 1,300 people, according to information filed with Maine's attorney general. Guess , the U.S.-based
Katz,Sapper&Miller
APRIL 23, 2019
The deadline for private companies to implement the Financial Accounting Standards Board’s (FASB) new lease standard (ASC 482) is quickly approaching. Entities with leasing activities must begin assessing the new standard and determining the impact it will have, including the potential impact to debt covenants. Additionally, entities must ensure that they have strong systems and processes in place for the implementation of this new guidance
Katz,Sapper&Miller
APRIL 20, 2018
In recent years, the Financial Accounting Standards Board (FASB) received feedback that revenue recognition guidance was fragmented at best, confusing at worst. In response to this feedback, the FASB issued Accounting Standards Update (ASU) No. Generally Accepted Accounting Principles (U.S. This is significant considering revenue is the key measurement used to determine a manufacturing company’s performance.
Katz,Sapper&Miller
JUNE 28, 2018
The event, taking place July 24 at The Westin Nashville, will bring together financial leaders of the country’s top trucking and logistics companies to hear from prominent speakers in the financial, accounting, legal, and banking industries Katz, Sapper & Miller's Jason Miller, Randy Hooper, and Troy Hogan, with the firm’s Transportation Services Group, will present at McLeod Software’s second annual CFO conference.
Katz,Sapper&Miller
AUGUST 5, 2020
As companies adjust to their new normal under COVID-19 and most put revenue recognition accounting implementation in their rearview mirror, lease accounting arises once again as a hot topic.
Katz,Sapper&Miller
MARCH 8, 2018
In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers, as subsequently amended, which resulted in the most significant revision to revenue recognition standards that GAAP has ever seen. One significant impact from ASU 2014-09 relates to the recognition of breakage revenue
Katz,Sapper&Miller
NOVEMBER 19, 2018
The Financial Accounting Standards Board (FASB) recently issued Accounting Standards Update (ASU) No. 2018-08, Not-for-Profit Entities (Topic 958): Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made (ASU 2018-08) that clarifies and improves the scope and accounting guidance around contributions of cash and other assets received and made by not-for-profit organizations (NFPs) and business entities.
Katz,Sapper&Miller
DECEMBER 11, 2018
When the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers, it represented perhaps the most extensive changes to accounting standards for revenue recognition ever. Experiencing a number of revisions and amendments since its issuance, the new guidance is effective for calendar years ending Dec. 31, 2018 for public companies and Dec.
Katz,Sapper&Miller
NOVEMBER 21, 2018
Jason Miller and Shane Schuh with KSM’s Transportation Services Group will present “Lease Accounting Update and its Impact on the Transportation Industry” to members of the Iowa Motor Truck Association on Dec. In this webinar conversation, Miller and Schuh will detail key changes brought about by the Financial Accounting Standards Board (FASB) Accounting Standards Update No. 15, 2018 and is the first comprehensive overhaul in lease accounting in approximately 40 year
40 
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