HK Business News

Accounting compliance doesn’t necessarily equate with economic reality. Former Enron CFO Andrew Fastow, one of the “poster boys” for corporate fraud, warns that misstatement often happens because of ambiguity and complexity in the accounting rules.

Over time, it’s common for accounting records to become cluttered with unused and duplicate list items. Here are some ways for QuickBooks users to clean things up and make data entry more efficient.

Financial reporting is more than an exercise in compliance. Proactive owners and managers view their income statements as a diagnostic tool to gauge performance and fix inefficiencies and anomalies.

When reviewing a company’s financial statements, you may wonder: What are deferred taxes and how does the company quantify them? Wonder no more.

Has the start of spring piqued your interest in green business practices? Eco-friendly initiatives can be good for the earth, as well as your company’s bottom line and long-term value.

Fair market value is the appropriate standard of value in most business valuation assignments. But when valuing an asset for financial reporting purposes, fair value is generally used. Here’s an overview of what fair value is and how it differs […]

Do you know how much your startup is worth? A business valuation professional answers this question by combining the entrepreneur’s projections with objective, market-based data.

Have you taken the time to read the full text of IRS Revenue Ruling 59-60? It offers detailed guidance on valuing a business that may be used for tax purposes and beyond.

A buy-sell agreement can be an important tool to ensure a smooth transfer of ownership in the case of an owner’s death, disability or divorce. But it’s critical for these agreements to cover all the valuation bases.

Hypothetical investors would review historical financial statements, but they’d be more interested in a company’s future economic benefits.

Future earnings are often used to estimate the value of a private business interest. Here’s how two popular earnings-based valuation methods measure up.

The SECURE 2.0 Act will affect manufacturers with 401(k) plans and can also help those that haven’t yet set one up. Here’s how.