The accounting profession is facing a talent crisis. The U.S. Bureau of Labor Statistics estimates that roughly 17% of U.S. accountants and auditors have left their jobs over the past...... Read More
Does your organization offer health care and retirement benefits for its employees? Benefit plans with 100 or more participants are generally required to have their annual reports audited under the...... Read More
Accounts receivable are sometimes a sizeable line item on the balance sheet. But is it possible to accept the reported number at face value, or could the truth be more...... Read More
A corporation or charity's ability to function successfully depends on timely financial information. In today’s dynamic marketplace, you may need to act fast to ward off potential threats and risks —...... Read More
It’s common for high-growth and seasonal businesses to have occasional shortfalls in their checking accounts. The reason relates to the cash conversion cycle — it takes time to collect on...... Read More
Many people view accrual-basis financial statements as the benchmark for financial reporting. But with the increasing cost and complexity of today’s accounting rules — particularly the updated lease guidance that...... Read More
You're not the only one if your prosperous firm struggles to make ends meet. Many business owners wrongly link cash flow with profitability, which results in checking account deficits. The...... Read More
Non-profit organizations exist to fulfill charitable or non-monetary aims, not to generate profits or increase value for investors. However, they must continue to keep an eye on their financial situation,...... Read More
Private businesses can sigh with relief: The Private Company Council and the Financial Accounting Standards Board (FASB) have decided to forgo voting on an upcoming proposal that, if adopted, would...... Read More
The COVID-19 epidemic, geopolitical unpredictability, increased expenses, and declining customer confidence have all upset traditional business strategies in a number of industries. The amended accounting guidelines for disclosing discontinued activities...... Read More
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