We recently sat down with Aptitude Software clients, Brian Dean (T-Mobile,) Kyle Jones (Rogers Communications Inc.,) and Lee Hendrickson (24 Hour Fitness,) to discuss revenue recognition compliance challenges, lessons learned and how they plan to...
IFRS 17, and now it's FASB counterpart, ASC 944, continues to be a hot topic of discussion among insurers. We've pulled together a list of some recent content from the last few weeks in case you missed it.
If you work for an insurance company and you report under IFRS GAAP, you no doubt have seen the decision by the International Accounting Standards Board (IASB) to delay the implementation of IFRS 17 for one year to 1 January 2022.
The new lease accounting standards will make financial statements more transparent and comparable by requiring organizations to report operating lease liabilities on the balance sheet. But will the lease accounting standards have other...
Two things to consider before adopting the Premium Allocation Approach under IFRS 17
We recently released our Global IFRS 17 Readiness Assessment (GIRA) Q3 survey results which revisits our base of insurers to see how IFRS 17 projects have progressed since the first report was released in January of 2018.
“The only thing that is constant is change.”
- Heraclitus of Ephesus
Within the ever-changing world of business, regulatory change stands out as particularly daunting to even the most experienced CFO. Time-bound, complex and often impacting...
The new lease accounting standards, IFRS 16/ASC 842, will bring trillions of dollars of lease liabilities onto company balance sheets and trigger significant accounting changes when they take effect in December 2018/January 2019. This is the...
The new lease accounting standards, IFRS 16 / ASC 842, will bring trillions of dollars of lease liabilities onto company balance sheets and trigger significant accounting changes when they take effect in December 2018 / January 2019. This is the...
With many finance teams wrapping up revenue recognition projects, lease accounting (IFRS 16 / ASC 842) projects have taken a backseat. Unfortunately, for public companies, the deadline for this standard – January 2019 – is fast approaching.
