The FASB and the Private Company Council have agreed to give private companies a pass on an upcoming proposal that, if approved, would require expanded footnote disclosures about expenses. The
Across all industries, traditional business models have been disrupted by the many challenges of the past few years. The COVID-19 pandemic, geopolitical uncertainty, rising costs, and falling consumer confidence have
Working capital can be a critical performance metric and is defined as the funds your organization has tied up in accounts receivable, accounts payable, and inventory. Rising inflation and interest
Many organizations, including non-profits, use QuickBooks® as a cost-effective solution to manage their accounting processes. However, the software’s capabilities extend beyond organizing and streamlining accounting needs. QuickBooks also can assist
Generally Accepted Accounting Principles (GAAP) is generally considered the gold standard in financial reporting in the United States. However, private and public entities may sometimes use non-GAAP metrics in their
Accounting and auditing standards have come under scrutiny in the wake of recent high-profile bank failures. Investigations are currently underway trying to understand what went wrong with Silicon Valley Bank
The Financial Accounting Standards Board (FASB) published narrowly drawn amendments to the lease accounting rules on March 27. The updated guidance clarifies relevant issues regarding rental agreements between businesses that
What happens with your financial statements after they’re delivered by your CPA? If you’re like most business owners and managers, you breathe a sigh of relief that they’re finished, file
Deferred taxes and the accompanying accounting rules for reporting these items can be very confusing to comprehend. Here’s a brief overview to help clarify the issue. What Are Deferred Taxes?
Many businesses are always looking for creative solutions to cut costs and preserve profits. As a bonus, some costs cutting initiatives also can be good for the environment. Here are
