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Should cloud computing setup costs be expensed or capitalized?

November 8, 2018

Companies will be able to capitalize, or spread out the costs of, setting up expensive business..

Minimize the Guesswork in Inventory Management

September 21, 2018

Inventory is expensive. So, it needs to be as lean as possible. Here are some smart ways to cut..

Accounting Estimates a Critical Part of the Audit

September 11, 2018

Complex accounting estimates — such as allowances for doubtful accounts, impairments of long-lived..

3 Keys to Transitioning to Remote Audits

August 29, 2018

Are you comfortable communicating electronically with your auditors? If so, a logical next step..

Considering a merger? Which intangibles should your business report?

July 26, 2018

2018 is expected to be a hot year for mergers and acquisitions. But accounting for these..

How to Calculate Your Breakeven Point

June 6, 2018

Breakeven analysis can be useful when investing in new equipment, launching a new product or..

Classifying Shareholder Advances Under GAAP

June 6, 2018

Owners of closely held businesses sometimes need to advance their companies money to bridge a..

Why Work In Progress Demands Special Attention

June 6, 2018

Financial statement auditors spend a lot of time evaluating how their clients report work in..

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