Coming soon: Private companies and nonprofits that rent equipment, vehicles and real estate will need to update their accounting systems for major changes to the rules for long-term leases under U.S. GAAP.
Articles by Accounting & Assurance Department
Review the comprehensive list of blog posts and insights on accounting, tax, and audit from Accounting & Assurance Department - Phoenix Tucson AZ.
Don’t assume your profitable company has strong cash flow
If your business’s bottom line is strong, that’s good news. But you still need to keep a close eye on cash flow. Here’s why.
Using your financial statements to evaluate capital budgeting decisions
Taking your business to the next level may require a major infusion of capital. A disciplined approach to evaluating capital investment decisions can help get the biggest bang for your buck.
How auditors assess cyber risks
Companies that fail to secure sensitive customer data and intellectual property won’t last long. Auditors can help measure and mitigate your company’s risk of a cyberattack.
Accounting for property, plant and equipment assets
Which asset costs must be capitalized, how long will an asset provide value and which depreciation method is appropriate? Click the link for answers to common questions on reporting property, plant and equipment.
Should my distressed company consider a debt restructuring?
Many companies are struggling to make their loan payments during the COVID-19 crisis. Debt restructuring could provide relief.
Financial keys to securing a commercial loan
Applying for a commercial loan can be tedious and time-consuming, especially in today’s uncertain marketplace. Here’s what to expect.
Footnote disclosures: The story behind the numbers
Financial statements do more than quantify a company’s performance. They also provide qualitative information about business operations and risk factors. Here are the basics about footnote disclosures.
View your financial statements through the right lens
Business owners, do you get a little bleary-eyed looking at your financial statements? The right KPIs can help you see things more clearly.
Assessing and mitigating key person risks
Is the success of your business tied to certain “key” people? Many startups, professional service firms and small businesses are at risk of losing a key person. Here are ways to identify and shore up this critical risk factor.
