On October 25, the Financial Accounting Standards Board (FASB) issued a simpler accounting option that will enable private companies to more…
Timing counts in financial reporting. Under the accrual method of accounting, the end of the accounting period serves as a…
Internal controls are a system of policies and procedures organizations put in place to protect assets and improve operating efficiency….
Strategic investments — such as expanding a plant, purchasing a major piece of equipment or introducing a new product line…
In recent years, the accounting rules for certain balance sheet items have transitioned from historical cost to “fair value.” Examples…
During the pandemic, cash has been tight for many small businesses, which may make it hard to attract and retain…
As year end approaches, it’s a good idea for calendar-year entities to review the guidelines for recognizing revenue and expenses….
A conflict of interest could impair your auditor’s objectivity and integrity and potentially compromise you company’s financial statements. That’s why…
As year end approaches, it’s a good idea for calendar-year entities to review the guidelines for recognizing revenue and expenses….
Cash flow is a top concern for most businesses today. Cash flow forecasts can help you predict potential shortfalls and…