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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