K·Coe Insights: Posts from category

Audit & Assurance

KCoe Isom Earns CARB Accreditation for LCFS Verification

By K·Coe Editorial | December 19, 2019
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Reading Time: < 1 minute The California Air Resources Board (CARB) finalized amendments to the Low Carbon Fuels Standard (LCFS) which became effective January 1, 2019.  One notable change within these amendments is the requirement to complete a third party LCFS validation of fuel pathway applications, as well as a third party LCFS verification of …

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Don’t Pause on the Newly Announced Lease Standard Delay

By K·Coe Editorial | November 15, 2019
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Reading Time: < 1 minute While it was good news for private companies following FASB’s recent announcement to delay the effective date to December 15, 2020 for standards on accounting for leases, businesses are being advised to keep working in high gear. “The delay is intended to allow preparers with limited resources to learn from …

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Loan Origination Fees: to Recognize Immediately or Amortize?

By K·Coe Editorial | May 8, 2019
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Reading Time: 2 minutes If your bank immediately recognizes loan origination fees and costs directly to your income statement, you are not alone. This is a common practice among many community banks. However, this practice is not in accordance with Generally Accepted Accounting Principles (GAAP). According to Accounting Standards Codification (ASC) 310-20-25-2, loan origination …

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New Guidance for Leasing Standard Implementation

By K·Coe Editorial | December 20, 2018
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Reading Time: < 1 minute FASB’s Accounting Standards Update (ASU) 2018-11 offers relief cost savings for entities adopting the new lease standard ASC 842. The update offers companies practical expedients in applying the new lease standard. A few key highlights of the update include: Transition Relief – a new (and optional) transition method allows entities …

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