Auditing Work in Progress

July 26, 2021

Many types of businesses — such as homebuilders and manufacturers — turn raw materials into..

Follow the Cutoff Rules for Revenue and Expenses

July 19, 2021

Timing counts in financial reporting. Under the accrual method of accounting, the end of the..

Accounting Methods: Private Companies Have Options

July 12, 2021

Businesses need financial information that’s accurate, relevant and timely. The Securities and..

Hit or Miss: Is Your Working Capital On-Target?

July 5, 2021

Working capital equals the difference between current assets and current liabilities...

Accounting Estimates Present Challenges in Times of Uncertainty

June 28, 2021

In today’s unprecedented market conditions, it can be challenging to predict metrics that..

Using Your Financial Statements To Evaluate Capital Budgeting Decisions

June 21, 2021

Strategic investments — such as expanding a plant, purchasing a major piece of equipment or..

Receivables May Be a Source of Cash in Tough Times

June 7, 2021

Many companies are continuing to struggle financially during the COVID-19 pandemic. If cash is..

Accounting for Business Combinations

May 24, 2021

If your company is planning to merge with or buy another business, your attention is probably on..

How Auditors Assess Cyber Risks

May 4, 2021

Data security is a critical part of the audit risk assessment. If your financial statements are..

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