
Accounting Solutions for CARES Act Program Proceeds
When Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act on March 27, 2020, they sanctioned much-needed relief payments to healthcare providers across

When Will Coronavirus Uncertainties Affect Going Concern, and What Should Management Do About It?

FASB Proposes Postponing Effective Dates for ASC 606 and ASC 842



Contractors: Are You Ready to Implement the New Lease Standard?
In early 2016, the Financial Accounting Standards Board (FASB), the body that sets accounting principles for U.S. entities, released a new accounting standard on how

Accounting for Financial Instruments: New Requirements
The Financial Accounting Standards Board (FASB) has made a significant change to accounting standards related to accounting for financial instruments. Accounting Standards Update 2016-01 (ASU

Provisions for Estimated Contract Losses
Revenue Recognition Options Companies with long-term fixed-priced contracts typically recognize revenue using one of two methods: The percentage-of-completion method, whereby income is recognized over the

Deducting or Amortizing Start-up Costs and Organizational Costs

How will the new lease accounting standard affect your business?
For fiscal periods beginning after December 15, 2018, businesses will have to start reporting leases differently on their balance sheets. That’s because the Financial

Introducing New Legislative Auditor Statewide Agreed-Upon Procedures

New changes to the Federal Audit Clearinghouse data collection form
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