accounting

Internally generated goodwill isn’t on the balance sheet. But acquired goodwill is another story. Do you know the rules for reporting acquired goodwill and subsequently testing it for impairment? This is a hot button for many organizations today.

Got questions about fair value under U.S. GAAP? Here are some answers to help take the guesswork out of reporting these estimates.

Do you know the differences between cash and accrual accounting methods? Some small business owners are unaware of the options that are now available to them.

In today’s marketplace, conditions are ever-changing. By the time you issue year-end financial statements, you may be dealing with a major development that’s affecting your company’s performance. Which developments must be recognized or disclosed in your financials?

Remember Enron? Doing business with so-called “related parties” may result in nepotism, sweetheart deals and skewed financial results. Here’s how auditors customize their procedures for related-party transactions.

Dell, H.J. Heinz, Dunkin’ and many other companies have delisted from the public markets in recent years. Is it time for your company to say goodbye to Wall Street?

What are the top concerns your organization is currently facing? This is just one of the questions audit committee members were asked in a recent survey about the audit process in 2021.

Has your organization received any COVID-19 relief funds, tax incentives or other type of government assistance in recent years? If so, you may need to disclose the key details about the transaction in your 2022 financial statements.

Audited financial statements contain footnotes that disclose a wealth of useful information. Too often, however, no one bothers to read them.

What’s the “true” cost of a product or job? The answer is critical to evaluating your company’s profitability and may be found through activity-based costing.

Small business owners: Can you name the key differences between prepared and compiled financial statements?