Dave Loucks, Director in Opportune LLP's Complex Financial Reporting practice, discusses why private companies need to prepare now in order to comply with the impending ASC 842 lease accounting standard slated to go into...more
In 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02, Leases. This new lease accounting standard (ASC 842) significantly impacts how private and public businesses across...more
Find out why improved communication between reserve engineering, accounting, and boards of directors ensures sound corporate governance....more
The FASB may have delayed implementation of the Leases standard (Topic 842) for private companies, but here's what companies should be doing now to be prepared....more
As many public oil and gas companies have made it through another year-end, it is a best practice to review what went right and what could be improved. Such questions to address include: Where did the reporting process not...more