Weathering the Storm Part 10: Data Analytics & AI: An Introduction

  |  June 4, 2020

image of a hand holding a pen and reviewing a page with graphs on it

The scale of business disruption caused by COVID-19is unprecedented. But adversity often acts as a catalyst and accelerator for change. The adoption of software tools to access data and theuse of AI by businesses is already well underway—in a survey conducted by The Economist, 75% of executives said “AI will be ‘actively implemented’ in companies... Read More

Weathering the Storm Part 9: Detailed Cash Availability Actions Steps

  |  June 4, 2020

image of a man writing in his notepad while sitting in front of his computer and tablet

The Covid19 pandemic has introduced a variety of challenges across corporate organizations. Crisis-mode has hit many small and mid-sized businesses. Active management of every invoice, sales order, and payroll must take place to ensure liquidity and maintain viability. Cash-impacting actions should be a part of the daily routine in today’s “new normal” including: Cut non-critical... 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 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