Accounting

Auditors commonly use confirmations to verify such items as cash, accounts receivable, accounts payable, employee…

Under U.S. Generally Accepted Accounting Principles (GAAP), financial statements are normally prepared based on the…

Today, many companies share research or technology to develop new products. For example, manufacturers might…

The pandemic has presented numerous challenges for businesses, but it also taught us how to…

Recent supply shortages may cause unexpected problems for some businesses that use the last-in, first-out…

The updated lease accounting standard is currently in effect for private companies. After several postponements…

In the spirit of Independence Day, it’s a good time to review the rules for…

The pandemic and the ensuing economic turmoil have put tremendous stress on businesses. Many companies…

How often does your company generate a full set of financial statements? It’s common for…

Numbers tell only part of the story. Comprehensive footnote disclosures, which are found at the…