FASB Issues Guidance on Accounting for Profits Interests

The FASB has issued ASU 2024-01, Compensation - Stock Compensation - Scope Application of Profits Interest and Similar Awards that is intended to reduce diversity in practice and provide more consistent information to users of financial statements.

FASB Issues Accounting Standards Update To Remove References To Concepts Statements

The FASB has issued ASU 2024-02, Codification Improvements-Amendments to Remove References to the Concepts Statements.

FASB Proposes Update To Enhance Guidance On Convertible Debt Settlements

The FASB has published an Exposure Draft related to Debt—Debt with Conversion and Other Options (Subtopic 470-20) - Induced Conversions of Convertible Debt Instruments.

FASB Seeks Input On Proposed New Chapter Of Its Conceptual Framework: Measurement

The FASB has issued an Exposure Draft for the sixth chapter of its Concepts Statement No. 8, Conceptual Framework for Financial Reporting, entitled “Measurement.”

FASB Issues New Segment Reporting Guidance

The FASB has issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.

FASB Issues Guidance To Improve Accounting And Disclosure For Digital Assets

The FASB has issued ASU 2023-08, Intangibles – Goodwill and Other – Crypto Assets. ASU 2023-08 is intended to provide users with more decision-useful information in the accounting for crypto assets.

FASB Issues Guidance On Income Tax Disclosures

The FASB has issued ASU 2023-09, Income Taxes – Improvements to Income Tax Disclosures that is intended to enhance the transparency and decision usefulness of income tax disclosures.

FASB Improves Lease Guidance For Common Control Related Party Arrangements

The FASB has issued ASU 2023-01 (Topic 842): Common Control Arrangements. This ASU is an outcome of concerns expressed by private company stakeholders about the application of ASC 842 for common control arrangements identified during the FASB’s post-implementation review process.

FASB Issues Guidance To Improve Accounting For Joint Ventures

FASB Issues New Chapter Of Its Conceptual Framework Regarding Recognition And Derecognition

RPA within the Finance Function of a large Healthcare Payer

Process Optimization to identify low-cost automation opportunities within the Finance function of a large Healthcare Payer

Improved Approval Processing Time by 50%, Workflow Implementation

Implemented a New Technology Platform in Support of the Request for Capital Expenditure Process for a Large Research-based Biopharmaceutical

Zero Backlog on Reconciliations, Medicare Advantage Process Improvement

Process Redesign and Technology Enablement for a paperless enrollment and underwriting workflow for a Large, East Coast Healthcare Payer

Reduced Processing Time by 20%, Sales Process Redesign

Designed and Implemented new sales support tools and training materials for a Midwest-based Provider of Non-Standard Auto Insurance

FASB Issues Proposed Guidance On Expense Disaggregation Disclosures

Increased Enrollment by 34%, ACA EDI Implementation

Implemented Electronic Data Interface (EDI) capabilities in Support of the Affordable Care Act for a Western US Healthcare Payer

Reusable Strategic Decision Framework, Outsourcing Strategy

Process Redesign and Technology Enablement to Create a Cost-Effective and Value-Generating Captive Processing Center for a $1B Provider of Individual and Small Group Healthcare

$200M Savings over 5 Years, Commercial Lines Process Redesign

Process Redesign and implementation of core submission to issue process for a Large Commercial Lines Property & Casualty Carrier

Improved Business Processes Enrollment Process Improvement, Large Health Insurance Company in Illino

Process Redesign and implementation of new contract processing and large group enrollment for a Large, Chicago-based Health Insurance Company

Reduced Data Entry by 50%, Healthcare Process Improvement

Integrated people, processes, and technology redesign solution for the Group Enrollment and Administration process at a Large Health Payer