Sisterson Blog

Audit & Assurance

Navigating the Revised Lease Accounting Standards

Navigating the Revised Lease Accounting Standards

Many companies choose to lease certain assets, rather than buy them outright. Roughly 85% of these leases are not reported on company balance sheets, according to estimates made by the Financial Accounting Standards Board (FASB). However, that is going to change under a new accounting standard. Read more

Revenue Recognition Contracts: Part 1

Revenue Recognition Contracts: Part 1

If your company or non-profit enters into contracts, it may need to update the way revenue is reported under new accounting guidance that goes into effect for private companies with annual reporting periods beginning after December 15, 2018 (in other works, calendar year 2019). Read more