Reporting Tag

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 category of ‘cash and cash equivalents’ that is not available for general business operations or investments. There...

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 Accountability & Corporate Transparency (FACT) Coalition wants multinationals to disclose more information about corporate...

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 or produced. That is, it allocates the most recent costs to the cost of sales....