March 5, 2021 How To Compute Your Company’s Breakeven Point Your breakeven point is a helpful management tool. To calculate breakeven, you just need your company’s income statement and a … Read More
March 3, 2021 Analytical Procedures Can Help Make Your Audit More Efficient Is your auditor is asking a lot of questions? That’s a sign that he or she may be using analytical … Read More
February 24, 2021 Reporting Restricted Cash Your company’s financial statements should be transparent about any restrictions on cash. Are your reporting practices in compliance with the … Read More
February 22, 2021 Should my distressed company consider a debt restructuring? Many businesses have experienced severe cash flow problems during the COVID-19 pandemic. As a result, some may have delayed or … Read More
February 11, 2021 Financial Keys To Securing A Commercial Loan Does your business need a loan? Before contacting your bank, it’s important to gather all relevant financial information to prove … Read More
February 9, 2021 Footnote Disclosures: The Story Behind The Numbers The footnotes to your company’s financial statements give investors and lenders insight into account balances, accounting practices and potential risk … Read More
February 6, 2021 Accounting For Property, Plant and Equipment Assets Businesses and not-for-profit entities capitalize machines, furniture, buildings, and other property, plant and equipment (PPE) assets on their balance sheets. … Read More
February 3, 2021 Assessing and Mitigating Key Person Risks Auditing standards require a year-end risk assessment. One potential source of risk may be a small business’s reliance on the … Read More
January 30, 2021 New Law Provides Option to Delay Implementing The Updated CECL Standard The Consolidated Appropriations Act (CAA), signed into law on December 27, 2020, includes a variety of economic relief measures. One such … Read More
January 14, 2021 Red Flags of Deadbeat Debtors Unfortunately, many businesses have experienced problems with collections during the COVID-19 pandemic. Accounts receivable are a major item on most … Read More
January 14, 2021 Reporting And Managing Inventory Are inefficient inventory practices dragging down your business? It’s important to regularly review your approach. Read More
December 30, 2020 ICFR Assessment and Attestation: Are You in Compliance With the Rules? Each year, public companies must assess the effectiveness of their internal controls over financial reporting (ICFR) under Section 404(a) of the … Read More
