With major changes to accounting standards for Revenue recognition, Financial instruments, and Leases, in recent years the accounting rules have become complex. With increased complexity companies need to ensure new contracts and transactions are assessed for compliance with accounting standards.
Our CFO Services team can help you on ongoing basis with following:
- Review of existing contracts to identify impact under new guidance.
- Suggestions on accounting treatment and appropriate journal entries in various scenarios.
- Perform computations for transition adjustments.
- Prepare excel templates for computation of transition adjustments.
- Suggestions on disclosures under new standard.
- Training of finance and other team on the new standard and how it may impact the Company.
Interested? Let's get in touch!
Ensure complete accuracy and confidence; book your Audit & Assurance consultation today.