A recent survey of audit partners found that 40% were uncertain about the outlook for their primary industries. In light of this uncertainty, many companies are re-evaluating their allowances for uncollectible receivables.
Private companies: Have you implemented the new lease accounting rules? If not, you can’t afford to procrastinate any longer. Here’s what you’ll need to do before year end and how it may impact your financials.
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.
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.
Take your audited financials to the next level by implementing the improvements contained in the management letter.
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.
Got questions about fair value under U.S. GAAP? Here are some answers to help take the guesswork out of reporting these estimates.
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.
Coming changes to the tax treatment of R&D expenditures will have a big impact for businesses. Here’s what you need to know.