Weathering the Storm Part 11: Data Analytics & AI – Automation

  |  June 4, 2020

image of two people reviewing documents with data

In part 2 of our series on Data Analytics & AI, we dive deeper into a technology known as robotic process automation (RPA) – it is disrupting Internal Audit, Finance and Accounting. RPA is a form of business process automation that uses software “bots” to automate high-volume, repetitive tasks enabling heightened productivity by streamlining lower... Read More

Weathering the Storm Part 8: Lease Considerations

  |  June 4, 2020

image of a five-story office building

One area that has been heavily impacted by the crisis is the ability of companies to make lease payments. Here are some tips: Concessions – Companies may see concessions in their leases in the form of payment deferrals, change in the lease term or full or partial payment forgiveness. Companies should evaluate the lease contract as well... Read More

Weathering the Storm Part 7: Accounting & Reporting for the Quarter

  |  June 3, 2020

As companies navigate this crisis during their current reporting quarter, here are some accounting and disclosure topics to keep in mind: Impairment: consider any trigger events for impairment affecting assumptions in your FV models related to long-lived assets, goodwill and other intangible assets Revenue: consider updating estimates for changes in variable consideration & collectability Insurance... Read More

Weathering the Storm Part 6: Restructuring Considerations – Debt and Other Liabilities

  |  June 3, 2020

Image of a man in a suit in front of his laptop working

Continuing our series on restructuring strategies, we now focus on debt and other liability considerations and their impact to cash flow: Debt Covenant Review – could trigger acceleration of cash debt obligations or require loan restructuring/modifications, which may result in charges to the P&L Defined Benefit Plans – curtailment/settlements may require interim re measurement of... Read More

Weathering the Storm Part 5: Restructuring Considerations

  |  June 2, 2020

As companies consider restructuring strategies, they should evaluate the accounting and cash impact of restructuring all or a portion of their operations Involuntary terminations – charges may need to be recognized upfront vs. over service period and may result in reduction of future employee expense Contract termination costs – could require immediate recognition of entire... Read More

Weathering the Storm Part 4: Restructuring Strategy Considerations

  |  June 2, 2020

image of four people working together around a table

With the outbreak of COVID-19, companies are facing tough decisions and looking at their operations and debt to identify changes to help weather the storm. If you are considering restructuring some or all operations and debt obligations, we recommend you: Review debt obligations and required covenants. Review capital commitments to identify what can be delayed... Read More