Flash Reports: Real-Time Financial Reporting
Timely financial reporting is key to making informed business decisions. Managers need to know what is in the pipeline to respond promptly and decisively. Unfortunately, it typically takes several weeks
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Tag: Financial Reporting
Financial Reporting Issues to Consider in ‘Going Private’ Transactions
In the midst of mounting inflation, supply shortages, geopolitical turmoil, threats of cyberattacks, and continuing COVID-19 concerns, public stock prices are expected to fluctuate in the coming months. This situation
Follow the Cutoff Rules for Revenue & Expenses
Timing counts in financial reporting. Under the accrual method of accounting, the end of the accounting period serves as a strict ‘cutoff’ for recognizing revenue and expenses. However, during the
Accounting Methods: Private Companies Have Options
Businesses need financial information that is accurate, relevant, and timely. The Securities and Exchange Commission requires publicly traded companies to follow U.S. Generally Accepted Accounting Principles (GAAP), often considered the
Accounting for Business Combinations
If your company is planning to merge with or buy another business, your attention is probably on conducting due diligence and negotiating deal terms. However, you also should address the
On-Time Financial Reporting Is Key In Times Of Crisis
Many companies are struggling as a result of shutdowns and restructurings during the COVID-19 crisis. To add insult to injury, some also have fallen victim to arson, looting, or natural
Financial Reporting For Non-Profit Collaborations
Non-profits sometimes team up with other entities to boost efficiency, save money, and better serve both organizations’ constituencies. This can be a smart move — so long as your accounting
Driving Success With Financial Dashboard Reports
Timely, relevant financial data is critical to managing a business in today’s unprecedented conditions. Similar to the control panel in a vehicle or machine, dashboard reports provide a real-time snapshot
How To Use Visual Aids In Financial Reporting
Thanks to the Internet and social media, we are bombarded daily with all kinds of information. As a result, most people prefer clear, concise snippets of data over lengthy text.
Beware: Coronavirus May Affect Financial Reporting
The Coronavirus (COVID-19) outbreak — officially a pandemic as of March 11 — has prompted global health concerns. You also may be worried about how it will affect your business