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
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
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
Does your business need a loan? Before contacting your bank, it is important to gather all relevant financial information to prove your business is creditworthy. By anticipating information requests, you
The COVID-19 crisis is causing private companies to re-evaluate the type of financial statements they should generate for 2020. Some are considering downgrading to a lower level of assurance to
Marketplace changes during the COVID-19 crisis have caused many companies to make major strategic shifts in their operations — and some changes are expected to be permanent. In certain cases,
Not all companies follow U.S. generally accepted accounting principles (GAAP). Many smaller businesses, for example, have adopted the American Institute of CPAs’ Financial Reporting Framework for Small and Medium-Sized Entities
Most businesses report financial performance using GAAP. But the income-tax-basis format can save time and money for some private companies. Here is information to help you choose the financial reporting