Timing counts in financial reporting. Strict cutoff rules apply to companies that use accrual-based accounting methods. Is your company getting it right?
Making subjective accounting estimates would be a lot easier if you had a crystal ball or a time-travel machine. In the absence of such tools, managers and auditors may need to adjust their mindsets for market volatility.
There’s a fine line between carrying excessive amounts of working capital and operating too lean. Efficient operations hinge on finding your organization’s target working capital.
Taking your business to the next level may require a major infusion of capital. A disciplined approach to evaluating capital investment decisions can help get the biggest bang for your buck.
Traditionally, most assets and liabilities were reported on the balance sheet at historical cost. Now, there’s a trend toward “fair value” reporting. Here’s how the change is affecting financial reporting.
From staycations to road trips, people are using paid time off differently (or not at all) during the pandemic. When employees forego paid leave, employers may see their accruals skyrocket. Plus, there may be hidden costs, too.
Most private business owners and managers have limited M&A experience. Often, they’re unprepared for the complicated accounting rules that apply after closing … and what buyers don’t know may come back to haunt them.
Companies have had to digest several major changes to the accounting rules in recent years. Now the FASB has a new chairman, Richard Jones. Here’s a current list of his pet projects and goals.
