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Finance Archives | Delap CPA

04 Sep

Proposed Delay of Effective Dates for Current Expected Credit Losses (CECL)

September 4, 2019 | By | No Comments

On August 15, 2019, the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) that would allow additional time to implement the Current Expected Credit Losses (CECL), or ASU 2016-13, standard.  Previously, the effective dates for CECL (for calendar year-end companies) were January 2020 for all SEC filers and January 2021 for […]

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27 Dec

Financial Institutions: Don’t Ignore the New Revenue Recognition Standard Because It Lacks Interest

December 27, 2018 | By | No Comments

Back in 2014, the Financial Accounting Standards Board (FASB) issued ASU 2014-09, Revenue from Contracts with Customers, which created a new section in the FASB’s Accounting Standards Codification: ASC Topic 606 (ASC 606). Prior to the establishment of ASC 606, the revenue recognition guidance in GAAP consisted of some broad revenue recognition concepts, along with […]

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18 Jan

Tax Guide to Cryptocurrencies – Part 1: Like Kind Exchanges

January 18, 2018 | By | No Comments

January 18, 2018 — By Victoria Leca, Tax Accountant at Delap In recent years cryptocurrencies have become extremely popular. From the meteoric rise of Bitcoin, to the founding of Coinbase, which now has over 13 million users, to new cryptocurrencies being developed daily, it has been a challenge for regulators to keep up. So the onus […]

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11 Aug

What the Olympics Can Teach Us About Taxes

August 11, 2016 | By | No Comments

The Summer Olympics is one of my favorite sporting events to watch. It’s amazing to see four years of anticipation come together for two thrilling weeks of entertainment. From the infrastructure that is built to world-record-breaking performances, there really is nothing like primetime at the Olympics. As a tax accountant, this year I have viewed […]

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07 Jun

8 Ratios to Gauge Your Company’s Health

June 7, 2016 | By | No Comments

  What kind of shape is your company really in? Here are eight standard financial ratios that we look at first when evaluating the health of your company, both over time and within your industry. #1 The Current Ratio Are your assets greater than your liabilities? It’s worth doing the math. Whether or not you […]

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