Media & Entertainment
The Pros and Cons of Traditional vs. Digital Accounting for Event Companies
Transition to digital accounting from traditional methods prompts pros and cons comparison amidst intricate challenges.
Insights from Scrubbed
Insights on the Latest Trends and Best Practices in *Accounting and Finance
Industry Insights
News and Events
Scrubbed Announces New Promotions and Expansion of Its Leadership Team
Scrubbed promotes four stellar professionals to take the helm as directors, reinforcing dedication to business success and growth.
Emerging Accounting
Stay Ahead of the Curve: Exploring ASU 2023-02’s Revised Guidance on Accounting for Tax Equity Investments and its Impact on Tax Credit Recognition
The ASU 2023-02’s Revised Guidance on Accounting for Tax Equity Investments promotes consistency and comparability in financial statements.
Corporate Finance
The Future is Bright: Business Outsourcing in the Philippines
Discover why the outsourcing industry will remain a driving force in the Philippine economy. Read the article below, based on Aira’s technical session, ‘Business Outsourcing Outlook in 2023,’ at the Accounting Week Celebration (AWC) 2023: Spotlight on Commerce and Industry.
FASTalks
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.
Clean Technology
Financial Forecasting in Cleantech projects –Cash Flow Forecasting for Waterfall Distributions
Cash flow forecasting for waterfall distributions is indeed vital for financial planning in the cleantech industry. By estimating cash flows over a specific period and appropriately allocating funds to debt, investors, and reserves, companies can effectively manage their finances. In this blog, you’ll discover eight clear steps that will guide you in managing your finances and meeting the necessary requirements for distributing cash flows.
FASTalks
LIBOR’s Endgame: Managing the Transition to Alternative Reference Rates
LIBOR ends due to rigging allegations; SOFR becomes alternative. Transition impacts companies, requiring contract updates and posing challenges in accounting and hedging. Extension granted till Dec 2024 for necessary preparations.
Non-Profit Organization
9 Signs Your Non-Profit Business Might Need A Hassle-Free Accounting Partner
To ensure smooth operations and compliance with regulations, it is crucial to prioritize accounting. Many non-profits are now considering outsourcing this function to a hassle-free accounting partner. Here are nine signs indicating that outsourcing could be the ideal solution for your organization.
FASTalks
Time to Say Goodbye to TDRs
The FASB has implemented changes to enhance transparency in financial reporting for Troubled Debt Restructurings (TDRs). These changes provide clearer financial information, improve transparency in statements, and contribute to greater accountability in the industry.
News and Events
MYMP 2023 Goes to Thailand
The Scrubbed management team recently traveled to Thailand from June 7th to 10th for the Mid-Year Management Planning (MYMP) 2023. They explored scenic landmarks like Buddha Mountain and The Sanctuary of Truth, experiencing the country’s vibrant culture and flavors. This journey shaped their strategic vision, drawing inspiration from Thailand’s enduring values and resilience in a changing world.
Fund Accounting
Top 3 Benefits of Outsourcing your Private Equity Fund Accounting to the Philippines
Outsourcing back-end and administrative functions is a popular strategy for private equity (PE) firms. The Philippines is a preferred outsourcing location due to skilled professionals and a 24-hour workday. It provides seamless and scalable support for accounting and finance needs, delivering great service to LPs without in-house overheads.
FASTalks
Simplifying the Test for Goodwill Impairment
The complexities of goodwill impairment often present a challenge for companies. During a business combination, the excess of the amount of consideration paid by an acquirer and the net asset’s fair value of the acquiree is known as goodwill. When the value of the net asset of a reporting unit declines, goodwill impairment may have occurred.
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Non-Profit Organization
Optimizing the Financial Health of Your Non Profit Organization
Strengthen nonprofit finances—budget smarter, monitor cash flow, and boost sustainability.
August 6, 2021
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Accounting
Fixes to Top 5 Accounting* Pain Points for Businesses
To start a business takes incredible determination and perseverance as well as unwavering vision. Creating a successful startup company – and growing that company – is always cause for celebration.
August 6, 2021
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Accounting
How to Dispel 6 Myths About Outsourcing Finance & Accounting*
If you lead a successful CPA firm, you’re always pleased when existing clients hire you for more work and refer other companies your way. A growing client base is great news—until you hit capacity and you’re unable to manage the workload and still maintain a high level of service.
August 18, 2021
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