Reporting Restricted Cash
Your company’s financial statements should be transparent about any restrictions on cash. Are your reporting practices in compliance with the current accounting guidance? The Basics Restricted cash is a separate
Your company’s financial statements should be transparent about any restrictions on cash. Are your reporting practices in compliance with the current accounting guidance? The Basics Restricted cash is a separate
In today’s global economy, multinational corporations engage in numerous cross-border transactions. But how they report those transactions is often vague. To help reduce stakeholders’ exposure to potential hidden risks, the
Financial statements present a company’s financial position as of a specific date, typically the end of the year or quarter. But sometimes events happen shortly after the end of the
Churches, synagogues, mosques, and other religious congregations are not required to file tax returns, so they might not regularly hire independent accountants. However, regardless of size, religious organizations often are
You have choices when it comes to reporting inventory costs. One popular technique, the last-in, first-out (LIFO) method, assumes that merchandise is sold in the reverse order it was acquired
To protect the organization, demonstrate openness, and support the greater good, your non-profit needs to embrace accountability. Doing so will also help you fulfill your fiduciary responsibilities to donors, constituents,
The typical business or other organization loses five percent of its revenues to fraud each year, with a median loss of $130,000. And about one-fifth of fraud cases involve losses
For more than 40 years, the Securities and Exchange Commission (SEC) has required only a simple pass-fail statement in public companies’ audit reports, but the deadline for mandatory reporting of