Technical Accounting Advisory

Will new accounting standards impact your business? Are you prepared?

Our experts are well-versed in these new, complex standards. DGC can help you understand the new GAAP requirements and assess the capabilities of your company to implement these standards.

Putting together a plan will be a complicated and time-consuming process, and our firm can help you every step of the way. After meeting with us, you will have an adoption and implementation plan that you feel confident about.

Lease Accounting Standard

The new lease standard will present significant changes to the balance sheets of lessees. It will require all leases greater than 12 months in length to be recorded on the balance sheet. Additionally, there are other implementation challenges that every company will need to consider. Read more

Download Our List of Recommended First Steps

Revenue Recognition Standard

The new revenue recognition standard creates a new framework for how all businesses recognize revenue, regardless of industry. It also requires significant enhancements to the financial statement footnotes than were mandated under previous standards. Read more

Perspectives

FASB Proposes to Delay New Lease Accounting Standard for Privately Owned Companies
FASB Proposes to Delay New Lease Accounting Standard for Privately Owned Companies 07/18/2019

This delay is not finalized so it is important to continue operating under the current deadlines. FASB says more details are expected to be released in mid-August. Read more

Case Study: Collaboration with Business Owner to Comply with New Revenue Recognition Standard
Case Study: Collaboration with Business Owner to Comply with New Revenue Recognition Standard 07/11/2019

Adopting the required disclosures is one area of the guidance that will be especially difficult for entities to accomplish without help from accounting professionals. The complexity of the process and time required to implement this new guidance varies. Read more

Get Ready for Upcoming Lease Accounting Changes
Get Ready for Upcoming Lease Accounting Changes 02/15/2019

The effective date of the new lease accounting standard for private companies is quickly approaching – January 2020. Now is the time to consider how you can prepare for the adoption of the new standard. Read more

How the new lease accounting standard impacts businesses and what you should do to prepare
How the new lease accounting standard impacts businesses and what you should do to prepare 07/19/2018

The new lease standard will present significant changes to the balance sheets of lessees. It will involve a lot of time and resources in order to extract the information needed from leases in order to comply with the new standard. Read more