HK Business News

Accounting for software costs is one of the gray areas in financial reporting. Fortunately, the FASB’s working on a project to simplify matters.

Have your accounting procedures and systems kept up with the times? Here are five tips to consider.

Many small and midsized businesses use QuickBooks for bookkeeping purposes. Are you taking advantage of all that your accounting software has to offer?

The Great Resignation has caused significant turnover at many organizations. And finding replacements for high-skill positions can be challenging in today’s labor market. Here are four questions to ask if your accounting team leader unexpectedly leaves.

Not-for-profit entities may not focus on earnings per share, but that doesn’t mean they can afford to neglect their accounting function. Here are some tips to help nonprofits run a well-oiled accounting department

A physical inventory count gives a snapshot of how much inventory your company has on hand at year end. Are you ready to start counting?

The SEC is committed to preventing conflicts of interest. Regardless of whether your organization is public or private, here’s what you should know to protect the perceived reliability of your audited financial statements.

Newly issued rules on how to report supplier finance programs will provide critical information on the financial health of companies. Here’s what you should know if your company participates in these kinds of arrangements.

Routine financial statement audits are great for corporate governance. But could your organization also benefit from periodic “surprise” audits?

Here are four categories of financial ratios that can help you make better, more-informed decisions about your company’s financial future.

Normally, the last-in, first-out (LIFO) accounting method is an effective way to defer taxes. But beware: Retailers and other businesses that use this method could be hit with an unexpected tax bill if their inventory shrinks significantly due to supply chain issues

Pandemic-related lockdowns have forced auditors to conduct many procedures off-site. That change may not necessarily be temporary. After realizing the potential benefits, remote audit procedures may be part of the “new normal” going forward.