When it comes to the new lease accounting standard, across all industries, embedded leases have proven to be complex. EXAMPLE: Consider a standard product supply agreement. This type of contract might not seem like it contains a lease, but it may include an embedded lease if the purchaser has control over most of the services output.
Sirius Solutions has been providing our clients with subject-matter experts, thinkers, consultants, strategists, technologists, doers, innovators, advisors, and much more for more than two decades. We understand how our client’s work. We are adept at managing cash for our clients, transforming finance departments, resolving audit, SOX, or compliance issues, assisting with IPOs, and reworking vendor management. Through our financial advising services, we have successfully completed tens of thousands of revenue accounting projects and assisted businesses in becoming more profitable by reducing expenses and identifying new avenues for development and income.
Environmental, social, and governance (ESG) goals are a necessary part of a company’s initiative toward sustainability and equality. ESG is gaining traction, with 91% of business leaders admitting that they think they are responsible for addressing ESG issues. These issues include carbon emissions, climate change, anti-corruption, water use, community development, and human rights. Changes in behavior and society are driven by incentives that are primarily financial, and this is why sustainable finance is critical to tackling these issues. Companies can incentivize customers to make eco-friendly decisions and invest in companies that are on a journey toward Net-Zero (or are already there). This is all a part of their ESG framework, which tracks, plans, and reports on an organization’s actions.