K·Coe Insights: Posts from category

Audit & Assurance

modern-audit

A Look at the Modern Audit: Are You Missing Out?

By K·Coe Editorial | February 23, 2021
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Reading Time: 2 minutes While most companies think of audits as an annual necessity, the vast majority typically keep to the same old standards and don’t know to ask for more. But the modern audit process has changed, and businesses should raise their expectations accordingly. Today’s audit should extend beyond bringing in accountants to …

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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). Watch this video to see Kati Barnhill explain the misconception …

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accounting standard update leases

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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