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3 big reasons why I love the RoseRyan culture

You know you’ve found the right job when the moment you show up, it feels like home. There’s none of the usual butterflies swirling around the belly or awkward handshakes. That was my experience when I interviewed with RoseRyan over two years ago.

Talent Manager Michelle Hickam and I clicked right away (as do most people who talk to the always friendly Michelle), and later, when I went to the Newark office to interview, I had a similar experience with everyone I met. Everyone was so easy to talk to. They were all strangers but I instantly felt like I was catching up with old friends. Even now, as time has passed and I spend most of time away from the office with clients, that connectedness is still alive.

Here’s why it works: RoseRyan has the kind of business environment I haven’t experienced elsewhere. It’s not forced or fake. The talk is open, honest and down to earth, and there’s a thoughtfulness in what everyone does. We’re all practical folks who are kind, respectful and considerate in all that we do. These are my top 3 reasons why I’m loving this firm’s culture:

1. It’s supportive: You won’t find any bloated egos around here. At RoseRyan, we have a distinct culture of helpfulness. If one of us needs a second opinion on a technical issue, we have a whole group of people who will help us out—fast. Our clients know when they hire one of us, we have a supportive group of knowledgeable, savvy experts available as backup.

2. It’s flexible: This is a big reason I love working here. I’m a full-time consultant (some of my teammates work part-time hours) with a handful of clients. In our field of work, it’s tough to get a predictable schedule. At RoseRyan, however, I can plan my life around my calendar, knowing that I’ll always be busy toward the end of every month.

3. It has values that match my own: Another reason RoseRyan has clicked for me is our shared common values. We defined our values (Trustworthy, Excel, Advocate and Team) that people around here believe in and actually live by. I was amazed to receive our TrEAT Award in 2014. It’s our highest honor for living our values. Honestly, I want to nominate everyone I work with because I think we all are trustworthy in our work, we excel at what we do, we advocate for our firm and our clients, and we are team players. It’s why I’m sticking around.

RoseRyan is a unique and stimulating workplace, where collaboration and camaraderie are made possible even though we’re not physically working with each other every day. Does it sound like your kind of place? Michelle is on the hunt for seasoned pros skilled in finance and accounting who will appreciate being a part of tight-knit team and all that we have to offer. Check out our current positions here.

We’re always on the lookout for top talent—full-time and part-time. So if you like what we’re about—and you have the right stuff—contact Michelle Hickam or call her at 510.456.3056 x134.

RoseRyan consultant Jacqueline Bray is our 2014 TrEAT Award winner. She’s often on the go with emerging-growth clients, helping them with general bookkeeping and accounting.

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Super Bowl 50: A kickoff to remember

We had a fantastic year in 2015 and were looking for ways to thank our loyal clients and partners. Super Bowl 50 coming to town provided the spectacular backdrop to bring us all together (even if our beloved 49ers didn’t make it to the big game!).

A week before the Super Bowl, RoseRyan hosted a joyful mix of clients, friends and partners for a warm-up party at the Quadrus complex in Menlo Park. The event featured fine wines, tasty appetizers and some amazing giveaways, including two free Super Bowl tickets. The suspense was palpable.

Congratulations to our winners and to the Denver Broncos!

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Get ready: FASB is dumping some big items on your to-do list

The Financial Accounting Standards Board has a bunch of resolutions that affect many companies. The board is offloading some of their weightier projects that have taken up a lot of time (several years!) on their docket.

Fortunately, they are giving financial statement preparers a lot of time to come to terms with the changes ahead, providing a couple of years to implement new standards for lease accounting and the classification and measurement of financial instruments.

The most highly anticipated one—the new leasing standard—will result in some companies looking more leveraged on their balance sheets, starting with their 2019 financial reports (privately held companies get an extra year). Companies that lease any property and equipment for one year or more will be impacted. This will be a really big deal.

In the works for a decade (the SEC called for a revamped standard in 2005), the new leasing rule created a rift during the ongoing convergence effort between FASB and the International Accounting Standards Board, leading the two boards to come out with two different standards. Call it a divergence if you will.

The IASB recently released their final standards and the FASB’s is expected this quarter. Companies will appear to be burdened by more debt than they do now, as disclosing leases only in footnotes will no longer be acceptable under GAAP. Studies estimate that the changes will raise the reported liabilities of U.S. public companies by $1.5 trillion to $2 trillion.

It is expected that the new rule will take more effort to put in place than the new revenue recognition standard (and that’s saying something). Consider that every lease must be reviewed with assumptions updated each reporting period. Under the new guidance, lessees will be required to present right-of-use assets and lease liabilities on the balance sheet.

FASB has passed down a couple of other big agenda items when it released its rules concerning financial instruments last month. Although not in the works as long as the pending changes to lease accounting, this project was also divisive for FASB and IASB. For FASB’s part, the board will require companies to follow new rules on classifying and measuring financial instruments in 2018 and financial instrument impairment in 2019.

FASB’s standard for how to classify and measure financial instruments will be relevant to most companies, in particular those that have equity method investments that are not currently measured at fair value. Current fair value measurements and disclosures can be confusing to investors, and the new rules are intended to simplify things. Companies can adopt parts of the standard early if they wish.

As for the new revenue recognition standard, the Joint Transition Resource Group had its last scheduled meeting in Q4 2015 and will reconvene if new issues arise around implementation of the new rule. The FASB is expected to finalize proposed amendments to the standard this quarter. So the rules are settling, and there is no more reason to delay your implementation efforts. You are already in the first fiscal year that will be effected by the new standard when you implement in 2018.

FASB’s agenda will appear a bit thinner by the second quarter of 2016, while yours has grown. Let the fun of implementation begin!

Diana Gilbert has been a member of the RoseRyan dream team since 2008 with almost 30 years of professional experience. Frequently tapped for her insights by Compliance Week, Diana excels at technical accounting, revenue recognition, SOX/internal controls, business systems and process improvements.

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