NSAC Happenings and Latest News - Page 67
How to Spend Less Time in Meetings
If back-to-back meetings don't define your workday, consider yourself lucky. This year alone, professionals worldwide are expected to spend 24 billion hours in unproductive meetings, costing more than $540 billion worth of resources, according to the Doodle State of Meetings Report 2019, which examined 19 million meetings arranged through the scheduling platform. "My favorite line from a past client was: 'I am headed to a meeting to discuss ...
Read MoreHow to Nurture Tomorrow's Leaders
Learn three ways you can personally help train future leaders. Who taught you how to drive your first car? Maybe it was your parents, a family friend or a driver's education teacher. Whoever it was, they most likely had a lot of experience driving in order to show you the ropes. Everyone has great stories about learning to drive, as it's an important milestone; a rite of passage to adulthood. Hopefully, your teacher showed you the basics and ...
Read MoreOperating vs. Finance Leases: The Impact of the New Standard
The clock is ticking on the countdown to the implementation of the new lease accounting standard for private companies. According to reports from the Securities and Exchange Commission and the U.S. Chamber of Commerce, U.S. companies currently have an estimated $2.8 trillion in operating lease obligations that are presently off-balance sheet. Under the new accounting standard, nearly all leases will be required to be recorded on a ...
Read MoreHidden in Plain Sight: Accounting for Embedded Leases
FASB’s new lease accounting standard is having a significant effect on a broad range of balance sheets for all types of entities, with some companies reporting financial obligations of billions of dollars. In addition to requiring large sums to be placed on balance sheets, the new standard is causing difficulties for preparers as they struggle to locate and extract data from their many lease contracts so they can comply with the new ...
Read MoreUnclaimed Property Audit Fallacies and Myths
Despite the strong economy and their fuller coffers, states across the nation continue to take an aggressive approach in administering their unclaimed property statutes. Illinois, for example, has eliminated its business-to-business exemption. And Delaware, the domicile for many U.S. companies and unquestionably the most aggressive state in this area, has once again begun issuing audit notices. Every U.S. state, the ...
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