Overview of offsetting rules
Derivatives and other arrangements can help your business hedge against financial risks. How should these transactions be presented on your financial statements?
Derivatives and other arrangements can help your business hedge against financial risks. How should these transactions be presented on your financial statements?
For retailers, manufacturers, and many other businesses, a significant amount of working capital is tied up in inventory. A year-end physical count of raw materials, work-in-progress, and finished goods is essential.
Times are tough for many companies. If you need to advance your business money to make ends meet, how should the transaction be reported on your financial statements?
It’s time to prepare for next year’s audit. Are you ready for fieldwork to begin?
Updated rules have been approved that will require more detailed disclosures on income taxes to help stakeholders better understand your company’s tax position. Here’s what you should know.
The accounting rules for reporting income from long-term contracts for book and tax purposes can be confusing. Here’s a brief overview of the accounting rules.
Can you name the three reports that make up a comprehensive set of financial statements under U.S. GAAP? To get a holistic assessment of your organization’s performance, it’s important to look beyond profits.
Which areas of your organization’s financial statements pose the greatest risk of material misstatement? Here’s a recent report that may help identify high-risk accounts and transactions.
Here’s how to get control of your overhead allocations and make better-informed pricing decisions in today’s volatile marketplace.
Should your company report tax positions taken (or to be taken) on tax returns before they’re resolved with the tax authorities? Here’s an overview of the accounting rules for uncertain tax positions under U.S. GAAP.
Here’s how daily or weekly flash reports can help your organization become more responsive to changing market conditions.
There’s a talent crisis in the accounting profession that’s getting worse every year. Cross-training is one way your organization can attract and retain skilled accounting personnel.