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The New Lease Accounting Standard’s Impact on Private Companies and Non-Profits

Written with contributions from Kathy Rizzo and Rich Eagleston  Like public companies, private companies and non-profits are also impacted by […]

Posted By Tonneson
In Audit and Assurance, Business, Nonprofit
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December 5, 2017Posted By Tonneson

Consider how tax reform would affect your financial statements

Tax reform legislation might be enacted before year end. If it is, companies following U.S. Generally Accepted Accounting Principles (GAAP) […]

September 26, 2017Posted By Tonneson

Supplement your financial statements with timely flash reports

Most companies prepare financial statements on a monthly or quarterly basis. Unfortunately, it usually takes between two and six weeks […]

August 25, 2017Posted By Tonneson

Close-up on cutoffs for reporting revenues and expenses

Under U.S. Generally Accepted Accounting Principles (GAAP), there are strict rules on when to recognize revenues and expenses. Here’s important […]

August 15, 2017Posted By Tonneson

Private companies: Consider these financial reporting shortcuts

For years, private companies and their stakeholders have complained that the Financial Accounting Standards Board (FASB) catered too much to […]

July 28, 2017Posted By Tonneson

We’ve got the lowdown on updated cash flow reporting guidance

Do you know how to categorize items on your statement of cash flows? Accounting Standards Update (ASU) No. 2016-15, Statement […]

July 12, 2017Posted By Tonneson

Demystifying pro forma compilations

The American Institute of Certified Public Accountants (AICPA) has clarified its guidance on pro forma compilations. Here’s an explanation of […]

June 19, 2017Posted By Tonneson

Put your financial statement to good use

By midyear, most businesses that follow U.S. Generally Accepted Accounting Principles (GAAP) have issued their year-end financial statements. But how […]

June 8, 2017Posted By Tonneson

Employee share-based payments: FASB revises the reporting requirements

Think the rules for reporting employee stock options and restricted stock are too complicated? The Financial Accounting Standards Board (FASB) […]

June 5, 2017Posted By Tonneson

Take a closer look at financial restatements

When companies reissue prior financial statements, it raises a red flag to investors and lenders. But not all restatements are […]

May 22, 2017Posted By Tonneson

How to shape up your working capital

Working capital — current assets minus current liabilities — is a common measure of liquidity. High liquidity generally equates with […]

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