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Tag: financial reporting

Navigating the percentage-of-completion method

September 12, 2023 September 11, 2023 Jennifer Randle Assurance financial reporting, GAAP, long-term contracts

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.

Supplement your financial statements with timely flash reports

August 2, 2023 Travis Jones Assurance financial reporting, financial statements, GAAP, reporting

Here’s how daily or weekly flash reports can help your organization become more responsive to changing market conditions.

Why some small businesses are switching to tax-basis reporting

July 10, 2023 Lydia Hunter Assurance financial reporting, lease accounting, leases

Are you fed up with all the recent accounting rule changes? For many private companies, the new lease standard that went into effect in 2022 was the last straw. Here’s an alternative reporting framework to consider.

Overview of discontinued operations reporting

May 23, 2023 Jennifer Randle Assurance financial reporting, reporting requirements

In today’s uncertain markets, your business may decide to discontinue unprofitable product lines or business units. Are you up to speed on the accounting rules for reporting discontinued operations?

How to get more from your company’s income statement

March 31, 2023 Travis Jones Assurance financial reporting, income statements

Financial reporting is more than an exercise in compliance. Proactive owners and managers view their income statements as a diagnostic tool to gauge performance and fix inefficiencies and anomalies.

8 ways to insulate your construction company against rising costs

February 8, 2023 Bryan Eto Construction financial reporting, tax credits

Sky-high costs for labor and materials are still putting a chill on many construction companies’ profitability. Contractors, click here for eight ways you can protect yourself.

Common accounting pitfalls for startups to avoid

February 8, 2023 Eric Maneval Assurance financial reporting, start-ups, tax planning

Entrepreneurs often invest blood, sweat and tears to start new businesses. But few are experts in financial reporting. Don’t let accounting mishaps derail your startup!

How to report software costs

December 13, 2022 Jennifer Randle Assurance FASB, financial reporting, software cost

Accounting for software costs is one of the gray areas in financial reporting. Fortunately, the FASB’s working on a project to simplify matters.

Accounting for property, plant and equipment assets

February 19, 2021 February 22, 2021 Accounting & Assurance Department Assurance depreciation, financial reporting, financial statements, GAAP, PPE, Section 179

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.

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Accountants | Auditors | Advisors | Consultants | CPAs :: BeachFleischman PLLC is the largest locally-owned public accounting and consulting firm in Southern Arizona and a Top 200 CPA firm in the United States. Serving clients in Phoenix, Tucson, Mesa, Scottsdale, Tempe, Gilbert, Glendale, Flagstaff, and Chandler, BeachFleischman provides accounting, audit, consulting, and tax services to businesses, organizations, and individuals (U.S. and foreign-based), doing business domestically and internationally. The BeachFleischman logo, BEACHFLEISCHMAN, and COLLABORATE FORWARD are all registered U.S. trademarks of BeachFleischman PLLC. ©2023 BeachFleischman PLLC. All rights reserved.