Accounting

Dear lessors, we’re sorry if we made you feel lesser.

FASB Accounting Standards Codification Topic 842 (“ASC 842”) is possibly the most impactful accounting standards change for many organizations in recent memory. With all…

Brent DeMay Quoted in PLANSPONSOR

Brent DeMay was quoted in a PLANSPONSOR article about retirement plan sponsors and their new audit requirements. Brent, CPA, is a partner on Sikich’s…

Accounting for variable lease payments under ASC 842 – it varies!

As the new lease accounting standards become a reality, there’s plenty of new language and lingos to familiarize yourself with. With that said, what…

Neil Keller Appears in WICPA Publication

Neil Keller wrote a column for the Wisconsin Society of CPAs’ publication, CPA2b. Neil is the first contributor of this magazine’s new section, “Note…

Jim Brandenburg Featured in the Illinois CPA Society’s Insight Magazine

Jim Brandenburg was featured in the Illinois CPA Society’s Insight Magazine. Jim discusses his thoughts around the tax implications of cryptocurrencies and recommends resources…

Intro to New Lease Accounting Standards (ASC 842): Session 2 Recording

Click here and check out the Sikich Lessee Ledger tool…

Jim Brandenburg Featured in WICPA On Balance Magazine

Jim Brandenburg’s article, “The Enhanced Employee Retention Credit,” was featured in the Wisconsin Society of CPAs’ publication, On Balance Magazine. The article provides an…

Addressing the Cohort Default Rate

In August 2021, the forbearance of student loans was extended until January 31, 2022. While this relief is critical to the students impacted by…

Provider Relief Funds: Conducting Your First Single Audit?

For-profit businesses that received Provider Relief Funds (PRF) may be required to have a specialized audit performed on the use of those funds –…

Tax Implications of the New Lease Accounting Standards: Part Two

In part one of this article, we discussed the changes under the new lease accounting standards, Topic 842, Leases (ASC 842), and began to…

The New Lease Standard and the Department of Education’s Composite Score

After many years (and also many delays), the implementation date for FASB ASU 2016-02, ASC 842, Leases, is upon us, specifically, for private companies…

Tax Implications of the New Lease Accounting Standards: Part One

The Financial Accounting Standards Board (FASB) recently codified new lease accounting standards in Accounting Standards Codification Topic 842, Leases (ASC 842), representing a material…

Common Findings Corner: Clock-to-Credit Conversion Update

When it comes to clock-to-credit hour conversions, those who has been in the Title IV world for a while are probably having a bit…

LIFO Inventory Opportunity for Agribusinesses

With both monetary policy and pandemic-related supply chain disruption driving current and future price increases, safeguarding inventory – often a company’s largest asset –…

Intro to New Lease Accounting Standards (ASC 842): Session 1 Recording

Click here and check out the Sikich Lessee Ledger tool…

Sikich named a Top 50 Construction Accounting Firm™

CHICAGO – Sept. 23, 2021 – Sikich ranked 30th on Construction Executive’s annual ranking of the top construction accounting firms. Sikich works with contractors…

The New Lease Accounting Standards: Discount Rates

Under the new guidance in ASC 842, Leases, lease liabilities reported on the balance sheet represent a lessee’s obligation to make lease payments, measured…

Inflation, Inflation, Inflation: Is Now the Time to Consider LIFO?

INFLATION INFLATION INFLATION Are you a manufacturer or distributor facing higher prices this year? Whether due to supply chain issues, product shortages, tariffs or…

ASC 842 Lessee Practical Expedients

A practical expedient is an accounting policy election allowed by the Financial Accounting Standards Board (FASB) that provides relief from the burden on financial…

Benchmarking Your Association: Where Do You Stand?

Do you know where your association stands in comparison to other associations in your arena? It’s important for association leaders to know how their…

Accounting

Dear lessors, we’re sorry if we made you feel lesser.

Brent DeMay Quoted in PLANSPONSOR

Accounting for variable lease payments under ASC 842 – it varies!

Neil Keller Appears in WICPA Publication

Jim Brandenburg Featured in the Illinois CPA Society’s Insight Magazine

Intro to New Lease Accounting Standards (ASC 842): Session 2 Recording

Jim Brandenburg Featured in WICPA On Balance Magazine

Addressing the Cohort Default Rate

Provider Relief Funds: Conducting Your First Single Audit?

Tax Implications of the New Lease Accounting Standards: Part Two

The New Lease Standard and the Department of Education’s Composite Score

Tax Implications of the New Lease Accounting Standards: Part One

Common Findings Corner: Clock-to-Credit Conversion Update

LIFO Inventory Opportunity for Agribusinesses

Intro to New Lease Accounting Standards (ASC 842): Session 1 Recording

Sikich named a Top 50 Construction Accounting Firm™

The New Lease Accounting Standards: Discount Rates

Inflation, Inflation, Inflation: Is Now the Time to Consider LIFO?

ASC 842 Lessee Practical Expedients

Benchmarking Your Association: Where Do You Stand?

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