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James L. Noteman, CPA

Nonprofits: New Contribution Guidance for 2019 Financial Statements

January 16, 2020

When the Financial Accounting Standards Board (FASB) updated its rules for recognizing revenue from..

FASB DELAYS DEADLINES OF MAJOR ACCOUNTING RULES

December 23, 2019

The Financial Accounting Standards Board (FASB) hasn’t issued any major new accounting rules in..

BUSINESS OWNERS: IS GAAP OR TAX-BASIS BEST FOR YOU?

November 11, 2019

Most businesses report financial performance using U.S. Generally Accepted Accounting Principles..

TWO ALTERNATIVES FOR REPORTING GOODWILL AND OTHER INTANGIBLES FOR NONPROFITS

October 23, 2019

Did you know that the Financial Accounting Standards Board (FASB) recently extended the simplified..

Are Your Internal Controls Effective Against Cyberthreats?

May 20, 2019

In 2018, U.S. organizations that suffered a data breach lost an average of $7.91 million as a..

Audit Opinions: How Do Your Financial Statements Measure Up?

February 13, 2019

Audit opinions differ depending on the information available, financial viability, errors..

3 Components of Assessing Audit Risk

January 4, 2019

Every year, your audit firm will conduct a fresh risk assessment before the start of fieldwork...

Is LIFO Right for Your Business?

December 31, 2018

You have choices when it comes to reporting inventory costs. One popular technique — the last-in,..

How to Get Control Over Your Overhead Allocations

December 11, 2018

Accurate overhead allocations are essential to understanding financial performance and making..

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