HK Business News

In today’s uncertain markets, your business may decide to discontinue unprofitable product lines or business units. Are you up to speed on the accounting rules for reporting discontinued operations?

Do you know the three keys to lowering your company’s working capital requirements?

Coming soon! The FASB recently issued amendments to help organizations that rent property from related parties report those arrangements on their balance sheets.

Warning: Non-GAAP metrics can sometimes mislead investors! That’s why some stakeholders want a formal definition of EBITDA to be added to the accounting rules.

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.