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ABOUT THE AUTHOR

Alfonso Magno

Alfonso Magno
Alfonso is a Certified Public Accountant (CPA) who ranked first in the 2017 CPA Licensure Examination in the Philippines. He is highly experienced in performing statutory audit and review of financial statements, internal controls assessment, and agreed upon procedures. His portfolio of clients ranges from the top business process outsourcing, airline, semiconductor, petroleum, real estate, farming, professional services, entertainment and media industries.

Content

Valuing Innovation: Accounting for intellectual property in today’s idea-driven economy

Explore the evolving role of intellectual property in today's economy, focusing on innovation, accounting complexities, and tax implications under recent reforms.

Breaking Ground: FASB Rolls Out New Guidance on Accounting for Joint Venture Formation

Joint Venture Accounting Update: New FASB standard clarifies accounting for joint venture formations, improving financial reporting transparency.

Life Sciences and Revenue: How ASC 606 Can Affect Your Company

Explore ASC 606's guidance in Biotech revenue recognition. Come join us as we unravel the intricacies of the five-step model. Click the link.

Revenue Recognition Crossroads: Principal versus Agent Evaluation

The surge in e-commerce necessitates clarifications on Principal vs. Agent roles. FASB's ASU 2016-08 provides guidance in multi-party setups.

Supplier Finance Programs: Optimizing Working Capital, Strengthening Relationships, and Ensuring Transparency (ASU 2022-04)

In today's business landscape, managing working capital efficiently is vital. Extending payment terms can strain suppliers and harm buyer-supplier relationships. To address this, we need to fix our supplier finance programs. These programs foster collaboration between buyers, suppliers, and financial institutions to streamline payments and enhance liquidity management. By adhering to ASU 2022-04, we ensure transparency in financial reporting, paving the way for a more sustainable and productive supplier ecosystem.