The year is almost half over. Is your business on track to meet its goals for 2022? Interim financial reporting can help gauge your progress.
Tag: GAAP
Contingent liabilities: To report or not to report?
Is your company being transparent about contingent liabilities? In today’s uncertain conditions, reporting contingencies can be challenging. Here’s a refresher on the accounting rules for disclosing and estimating expected losses.
Management letters: Follow up on your auditor’s recommendations
Take your audited financials to the next level by implementing the improvements contained in the management letter.
Goodwill in a bad economy
Internally generated goodwill isn’t on the balance sheet. But acquired goodwill is another story. Do you know the rules for reporting acquired goodwill and subsequently testing it for impairment? This is a hot button for many organizations today.
FAQs about fair value in accounting
Got questions about fair value under U.S. GAAP? Here are some answers to help take the guesswork out of reporting these estimates.
Deciding between cash and accrual accounting methods
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.
Post-2021 Changes to § 174 – Amortization of Research and Experimental Expenditures
Coming changes to the tax treatment of R&D expenditures will have a big impact for businesses. Here’s what you need to know.
Let your financial statements guide you to optimal business decisions
Your financial statements might seem like so many numbers organized into rows and columns, but they could very well hold the data points you need to make the right moves this year.
Private companies: Are you on track to meet the 2022 deadline for the updated lease standard?
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.
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.
