Now that the year-end and quarter-end closes are behind us, many accounting departments are starting to focus on the recent or upcoming accounting standard changes. For example, public companies addressed the initial revenue recognition updates at the end of fiscal 2017, but private companies are looking at the looming 12/31/18 deadline. Lease accounting standard changes are also approaching very quickly with a year-end adoption period.
Join Clark Schaefer Consulting as we update you on the status of these two accounting standards, as well as recent implementation questions and concerns. In addition, the FASB has issued amendments that are intended to simplify standard adoption. We’ll discuss these changes and you can be the judge if they really will simplify your life!