Category

Audit & Accounting

AICPA provides guidance on PPP forgivable loan accounting
Audit & AccountingCARES Act
September 1, 2020

AICPA provides guidance on accounting for forgivable PPP loans

On June 10, 2020 the American Institute of Certified Public Accountants (AICPA) released accounting guidance for Paycheck Protection Program (PPP)…
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Audit & Accounting
June 18, 2018

Which intangibles should private firms report following a merger?

2018 is expected to be a hot year for mergers and acquisitions. But accounting for these transactions under U.S. Generally…
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Audit & Accounting
May 25, 2018

It’s time for a midyear checkup!

Time flies when you’re busy running a business. But it’s important to occasionally pause and assess interim performance — otherwise…
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Audit & Accounting
May 8, 2018

Effectively communicating with the audit committee

CFOs and other executives occasionally present information about the company’s operations, strategies and risks to the audit committee. Your presentation…
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Audit & Accounting
April 13, 2018

When should different accounting rules apply? Public vs. private companies

The Financial Accounting Standards Board (FASB) have often been criticized by small private companies for writing overly complex standards that…
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Audit & Accounting
March 2, 2018

How to classify shareholder advances

Owners of closely held businesses sometimes need to advance their companies money to bridge a temporary downturn or provide extra…
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Audit & Accounting
February 26, 2018

What is job cost reporting?

Custom jobs require ongoing supervision to achieve the best financial results. Whether you’re a general contractor constructing a strip mall,…
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Audit & Accounting
February 26, 2018

Unlock hidden cash from your balance sheet

Need cash in a hurry? Here’s how business owners can look to their financial statements to improve cash flow. Receivables…
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Audit & Accounting
February 26, 2018

Auditing work in progress

Financial statement auditors spend a lot of time evaluating how their clients report work in progress (WIP) inventory. Here’s why…
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