Blitzn Founder, Gail Corder Fischer, was asked to speak at the 2017 D CEO Women's Symposium on June 2, 2017. In her speech, Gail tells young women to dream big and pursue, with passion, all that life puts before you. Read her inspiring speech here.
RSM explores the impact that the new FASB lease accounting changes will have on the way that franchise-based businesses account for revenue recognition going forward.
Revenue recognition used to be very simple for franchisors. Upon evidence of completion of all initial obligations (training, site selection, etc.), the franchisor would recognize the revenue from the initial franchise fee. On May 28, 2014, the FASB issued ASU 2014-09, which provided new guidance for recognizing revenue for contracts with customers and is poised to change the way franchisors recognize their revenue.
The Financial Accounting Standards Board (FASB) and its international affiliate, the International Accounting Standards Board (IASB), are currently reviewing proposed new lease accounting rules that, if approved, will significantly affect the retail and restaurant industries.
Multi-Franchisee magazine explores the implications the new FASB lease regulation changes will have on franchisee-owned businesses.
Blitzn's proprietary lease accounting software was designed specifically with the new FASB lease accounting regulations in mind. We are the only retail technology firm that began implementing the systems required to recategorize and recalculate the value of your property, equipment, and fleet leases.
The way property, equipment and fleet leases get reflected on the balance sheet has become more complicated with the new FASB regulations. Here are some tips to help you better understand the impact they will have on common property and equipment least calculations.
If you’re feeling overwhelmed by what you need to do and how you need to do it, you’re not alone. It’s complicated. But don’t make it harder that it has to be. There is an art and science to managing through the transition. There are steps you can take to stay ahead of the curve.
The current practice of accounting for operating leases paints an incomplete picture of the financial position of a company and lacks the transparency that investors need. The new regulations require that lease assets and liabilities get recorded on the balance sheet. The biggest challenge with this update will be getting accurate information about your lease portfolio. If you’re like most companies, lease information is spread across the organization, geographically, across departments and in different formats. Learn more about the changes in the FASB regulations and what to do about it.
Think you know the ins and outs of the new regulations nad how they'll impact your retail business? Here's a scenario to see how you stack up.
Aside from the challenges of having to revisit accounting practices that have been in place for years, or deal with accounting complexities of how lease obligations will be recorded on the balance sheet, the implications on how you construct and manage your retail real estate portfolio could be monumental. Learn how the new regulations will impact your business.
See the rationale behind the updates and what it means for your business.
National Real Estate Investor took a look at five trends in the retail property sector in 2016 and found that issues related to sluggish sales and store closings will continue to challenge retailers.
To better understand the costs and benefits of the new lease accounting rules, FASB has issued an overview of what to expect from the changes.
“Putting Leases On the Balance Sheet” looks at how organizations that lease assets can apply the new leases guidance and features discussion with FASB Member Daryl Buck and FASB Senior Project Manager Danielle Zeyher.
The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) intended to improve financial reporting about leasing transactions. The ASU affects all companies and other organizations that lease assets such as real estate, airplanes, and manufacturing equipment.
A look at the new leases guidance, how the Board arrived at its decisions, and how the new guidance will improve financial reporting. Features FASB Vice Chair Jim Kroeker; FASB Members Tom Linsmeier and Hal Schroeder.
Experts involved in the IASB and FASB lease accounting changes join Michael to share how these changes may impact your business.