Revenue Recognition Options Companies with long-term fixed-priced contracts typically recognize revenue using one of two methods: The percentage-of-completion method, whereby […]
Revenue Recognition Options Companies with long-term fixed-priced contracts typically recognize revenue using one of two methods: The percentage-of-completion method, whereby […]
GDPR is a buzzword that has been in the news frequently these past few months. GDPR, which stands for General […]
Starting a new business venture can be exciting. Whether you are forming your first company or expanding into a new […]
For fiscal periods beginning after December 15, 2018, businesses will have to start reporting leases differently on their balance sheets. […]
On February 10, 2017, the Louisiana Legislative Auditor (LLA) initiated statewide agreed-upon procedures (AUPs) affecting local governments and quasi-public organizations, […]
Business owners need to be aware that significant employee layoffs may lead to unintended partial plan terminations. In our region, […]
The Financial Accounting Standards Board has made significant changes to the way assets and liabilities arising from leases must be reported.
Because the revenue recognition update is so broad in scope, it may mean significant changes for companies’ current revenue and financial reporting processes, especially in the construction sector.
The statement of cash flows provides answers to the important question “Where did the money go?”
