Accounting & DisclosureBankingCapital MarketsCash & Working CapitalNeuGroup NewsNGITreasury ManagementTreasury Tech
January 7, 2020

Reimagining the Finance Future in 2020

Founder’s Edition, by Joseph Neu Five items for finance leaders to focus on in 2020 and beyond. 2020 is upon us and the year itself has vision and foresight in its name. Accordingly, it affords us all an opportunity to seek clarity on not just what the year will bring but also a view of what’s in store for the new decade. For finance practice leaders, I see five issues to focus on starting this year and for the coming…
Accounting & DisclosureComplianceTreasury Management
January 6, 2020

CECL Important for Nonfinancial Companies, Too

Nonfinancial corporates extending credit must also prepare for CECL Calendar year companies must apply new accounting for credit losses at the start of the year, in Q1 2020 financial statements, and that includes nonfinancial corporate creditors engaged in a variety of transactions. The Financial Accounting Standards Board’s new current expected credit losses (CECL) methodology replaces the incurred-loss method, which recognizes losses when they become probable. CECL, instead, requires lenders to recognize credit losses expected over the life of a loan…
Accounting & DisclosureUncategorized
November 29, 2019

Cloud Accounting May Require New Controls, Impact Covenants

Treasury executives whose companies are relying more and more on cloud services should confer with their accountants about new requirements that potentially could impact loan covenants as well as operational elements tangentially affecting treasury. Companies are increasingly choosing treasury management systems (TMSs) and other applications via the cloud rather than installing the software in their own data centers. The Financial Accounting Standards Board’s (FASB) new accounting standard aims make the accounting between the two approaches more similar by requiring companies…