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Jared Benedict: Performance Obligations Under New Revenue Recognition Guidance


Aventine Hill and Weaver recently hosted the 8th Annual San Antonio CPA Event (see video here). A hot topic continues to be the new ASC 606 Revenue Recognition standard. The guidance has created new challenges for many companies with diversified service offerings.  ...


Casey Hall: EOS and IT Part Two - Getting Started


As mentioned in my first blog post on EOS and IT, I am encountering more businesses utilizing the Entrepreneurial Operating System (EOS) to improve their results. EOS has six components that ultimately work together to drive company success. My prior blog describes how IT leaders can benefit when their company adopts EOS. ...


Casey Hall: EOS & IT - Gaining More Traction for Your Business


Over the past year, I have encountered more businesses utilizing the Entrepreneurial Operating System (EOS) to improve their results. Described in the book Traction by Gino Wickman, EOS provides tools and disciplines for managing a business to higher success.  ...


John Trampe: The business value of internal controls in banking


In recent news, there have been stories about large banks committing fraudulent activities. Credit cards were issued without the customer’s consent. Accounts were set up that customers would learn about only after they were charged fees. Fake email accounts were set up to sign up customers for online banking. ...


Casey Hall: Leveraging IT for the Middle Market (Video)


Texas Business Radio (TBR) is a great resource for entrepreneurs around the state to learn from other business leaders. I was invited to be a guest on the show to talk about IT. The segment aired the weekend of October 8th in Houston, San Antonio, and Austin. In the below video, TBR host Matt Register and I discuss: ...


Casey Hall: SIM Houston Gartner Update - Welcoming Our Digital Overlords?


I attended the SIM Houston monthly meeting on September 20th. The speaker, Mark Bartram of Gartner, provided an update on strategic trends with the subtitle: “The Future is a Digital Thing.” ...


Balance Sheets + $2 Trillion = New Lease Standard


In February, the Financial Accounting Standards Board issued Accounting Standards Update 2016-02 – Leases (Topic 842). This Update replaces 40 years of lease accounting rules with principles-based guidance. While ASC 842 started its life over 10 years ago as a converged project between the FASB and the International Accounting Standards Board, there is a key difference between the two…more on that later. But they do share one main feature: almost all leases will now be accounted for on the balance sheet. By some estimates, this will mean an additional $2 trillion on U.S. balance sheets. ...


Casey Hall: GAMMA Shares Lessons Learned for Selling a Business


Owners of successful small to mid-size businesses will be faced at some point with deciding whether to sell their company. Many will not have experience at navigating the process. The Greater Austin Mid-Market Alliance (GAMMA) focused its May quarterly meeting on providing practical advice to business owners on what is involved in successfully selling their company. Aventine Hill was honored again to sponsor the event. Beth Hair, John Romero, and I attended.  ...


Jens Mielke: Revenue Recognition Lessons Learned (So Far)


In my first blog on the topic of the new Revenue Recognition guidance, I shared an overview of what ASU 2014-09 covers and some thoughts around how it will impact companies. Since then, Aventine Hill's Technical Accounting team has been engaged by clients to assist with their initial assessment and adoption process. While still early, some “lessons learned” can be shared to help others who are about to begin the process. As the old advertising saying goes, “your results may vary.” So too may your experiences with Revenue Recognition. Every company is different and even companies in the same industry may have different outcomes. ...


Casey Hall: GAMMA Event Highlights Wave of Business Transfers as Boomers Retire


John Romero and I attended the February 8th Greater Austin Mid-Market Alliance (GAMMA) event which Aventine Hill sponsors. John Dini was the speaker and the topic was "Beating the Boomer Bust". He presented demographic and economic data that showed how the baby boom generation drove and continues to drive economic trends as they age. ...


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