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 […]
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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) […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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) […]
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 […]
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 […]