Article Archives: Joe Purvis

Calculating the lease liability is a fundamental aspect of accounting for leases under the new lease accounting guidance, ASC 842. Not only does it determine the liability on the balance sheet,

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Current U.S. Department of Health and Human Services (HHS) regulations could impose an external audit requirement on commercial recipients of provider relief funds (PRF) under the CARES Act. If affected,

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On November 10, 2021, the FASB board voted unanimously to reject a request for a two-year extension to the effective date of the new lease accounting standard. Private companies and not-for-profit organization adoption requirements are now imminent and will not be subject to any further extensions.

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Does your organization have a complete set of financial policies and procedures? If so, when was the last time you reviewed them?

Effective financial policies and procedures can help provide efficient financial management,

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