Perspectives: Private Company Goodwill Accounting (Accounting Standards Update No. 2014-02)

Beginning in 2015, private companies will need to make an accounting election to either begin amortizing goodwill or disclose the election to continue the historical process of assessing goodwill through an annual impairment test.

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Accounting Standards Update No. 2014-15, Presentation of Financial Statements – Going Concern

In 2014, the FASB issued several new standards that will impact companies in future periods.

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Revenue Convergence: A New Recognition Model

NEW GUIDANCE ISSUED In May 2014, the FASB and the IASB issued a new revenue recognition standard, ASU 2014-09, Revenue from Contracts with Customers or ASC 606, to provide a single comprehensive accounting model for all revenue arising from customer contracts.

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2014 Winter Edition of CFGInsights

In May 2014, the FASB and the IASB issued a new revenue recognition standard, ASU 2014-09, Revenue from Contracts with Customers or ASC 606, to provide a single comprehensive accounting model for all revenue arising from customer contracts.

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Where are we going and how will we get there?

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CFGI Announces New Vice President of Finance & Administration, Shannon Ewer

Boston, MA, December, 2014 | CFGI is pleased to announce the newest member of its leadership team, Shannon Ewer.

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CFGI Announces Partnership with Flexpoint Ford

Boston, MA, September 15, 2014 | CFGI, a specialized financial consulting firm, announced today that it has closed an equity investment and partnered with Flexpoint Ford, LLC, a private equity firm focused on the financial services and healthcare sectors.

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Spring Edition of CFGInsights

Welcome to the spring edition of CFGInsights.

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Trends in Material Weakness – May, 2014

Over the past two years, we have analyzed Management’s Annual Report on Internal Control Over financial Reporting and the Report of the Independent Registered Public Accounting Firm for instances where a material weakness in a company’s internal controls over financial reporting is identified.

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