Auditing WIP today
Are your accounting estimates for work in progress (WIP) inventory reasonable? To find out, your auditors will carefully analyze your methods of allocating costs and recognizing revenue.
Read MoreAre your accounting estimates for work in progress (WIP) inventory reasonable? To find out, your auditors will carefully analyze your methods of allocating costs and recognizing revenue.
Read MoreThe best metric to gauge a company’s performance may not always be net income or earnings per share, as defined under U.S. Generally Accepted Accounting Principles (GAAP). Increasingly, companies are supplementing their financials with non-GAAP metrics.
Read MoreToday, many companies are seeking innovative ways to improve their financial health. One area to focus on, that’s easy to overlook, is billing and collections.
Read MoreExternal auditors are supposed to be public watchdogs who are “independent” of their audit clients, both in appearance and in fact. Here’s why independence and ethics are at the forefront of stakeholder concerns today.
Read MoreIs your business using the optimal method of accounting? What’s right depends on your company’s size, level of sophistication and other key factors.
Read MoreBusinesses often stockpile cash during times of uncertainty. But this could be an inefficient, and costly, use of capital. Here’s how to systematically evaluate your company’s cash reserves.
Read MoreTimeliness counts in financial reporting. Here’s why it pays to issue your company’s financial statements on time.
Read MoreCarrying too much inventory can be costly. Here are two alternative inventory management systems that could reduce your business’s inventory carrying costs and boost profits.
Read MoreMany companies struggle to follow the accounting rules for revenue recognition, particularly if they work on long-term projects. An external audit can help you get it right.
Read MoreArtificial intelligence is a hot topic among business leaders. Should your company make a New Year’s resolution to evaluate AI’s potential to improve its financial reporting and planning?
Read MoreReconciling bank and credit card accounts can be time-consuming and tedious. However, timely reconciliations are essential to accurate financial reporting and fraud prevention.
Read MoreIs your company’s job-costing system accurate and user friendly? Tracking costs can help identify which projects and customers are the most (and least) profitable.
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