Reopening and Recovery Part 3: Scenario Planning & Budgeting Process Improvements

  |  June 4, 2020

photo of four people working together around a wooden table

Continuing from our prior post, in addition to addressing cost structures resulting from the impact of COVID-19, senior finance leaders are focusing on “Scenario Planning and Budgeting Process Improvements.” Finance leaders have had to lead a rapid transformation to determine how to effectively plan and forecast for their companies. With change being the new normal, leaders... 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