Do you know the differences between cash and accrual accounting methods? Some small business owners are unaware of the options that are now available to them.
Articles by Nicole Maneval
Nicole Maneval is a Senior Manager for BeachFleischman’s Accounting and Assurance Department. She has provided accounting, auditing, and financial statement services for a variety of nonprofit and privately held businesses with over nine years of public accounting experience.
Industry Experience
Timing counts: Reporting subsequent events
In today’s marketplace, conditions are ever-changing. By the time you issue year-end financial statements, you may be dealing with a major development that’s affecting your company’s performance. Which developments must be recognized or disclosed in your financials?
New Lease Accounting – ASC 842
The Financial Accounting Standards Board (FASB) has issued a new Accounting Standards Update, ASC 842: Leases, that addresses accounting for leasing transactions under U.S. Generally Accepted Accounting Principles (U.S. GAAP). ASC 842 was issued to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities for substantially all leases. The new rules[ … ]
