Recently we joined up with Deloitte to host an IFRS 17 round table event in Sydney. We were joined by finance leaders at seven insurers across the Life, General and Reinsurance space. The discussion was lively and touched on the wide range of...
Posted by Sarah Werner
The revenue recognition standard deadline has passed and companies that have an established solution in place are now finding themselves in an enviable position when it comes to revenue data.
Posted by Sarah Werner
Recently we wrote a blog post on some of the signs that may indicate your lease accounting solution doesn’t have what it takes to meet your needs now that IFRS 16 and ASC 842 are in full swing for most organizations.
Posted by Sarah Werner
The Financial Accounting Standards Board (FASB) announced a potential deferral to their standard, Targeted Improvements to the Accounting for Long-Duration Contracts (LDTI) on July 17.
Posted by Philip Wood & Drew Whibley
Every day our organization thinks about how we can better help finance teams achieve their goals and overcome challenges, including accounting change. Well, who better to help provide perspective than our own finance leaders? Today we’re turning...
Posted by Siobhan Thompson
By now, most public companies have adopted the new lease accounting standards as required on Jan. 1, 2019. However, given the rush toward compliance – in a Q4 2018 survey only 4% of public companies had reported completing their leasing...
Posted by Sarah Werner
In early 2016 when the FASB and IASB issued the new lease accounting standards, ASC 842 and IFRS 16, the effective date of December 15, 2019 for private companies likely felt very far away.
Posted by Sarah Werner
Many organizations use regulatory change initiatives as a catalyst for Finance Transformation and indeed in the case of FASB’s latest accounting standard - an update to Topic 944 (ASU 2018-12), otherwise known as LDTI - the conversations...
Posted by Sarah Werner
As finance leaders at US Insurers come out of year-end close efforts, they are expected to quickly turn their attention to ASU 2018-12 - FASB’s update to Topic 944 known within the industry as LDTI (‘Targeted Improvements to the Accounting for...
Posted by Paul Newton
Yesterday, I had the pleasure of leading a panel discussion at the InsuranceERM IFRS 17 Event in London. Finance leaders from global insurers Aviva, Assicurazioni Generali SpA, Allianz, and Gjensidige Forsikring ASA joined me on the conference...