Insights on the Latest Trends and Best Practices in *Accounting and Finance
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.
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.
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.
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.
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.
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.
The rapidly evolving accounting landscape calls for a new generation of talent. Amidst an increasing departure of accounting professionals and a decline in those choosing accounting as a career path, the need for skilled professionals is surging.
As ESG requirements evolve, companies find the supply chain as an emerging critical area. The increased focus on sustainability requires companies to look closely into product/service design and manufacturing processes, the materials and services they use, and how their products travel through the supply chain.
Commercial Real Estate leaders know that the business is all about making informed investment decisions, maximizing returns, and mitigating risk. Accurate financial planning is critical to achieving these goals and ensuring long-term success.
Financial planning for commercial real estate is a crucial process that involves assessing the property’s current financial status, setting financial goals, and projecting income and expenses, cash flow, and potential returns over a specific period, typically 5-10 years. A strong plan will also include strategies for reducing expenses, increasing revenue, and managing debt.
It is vital to understand the financial and legal risks revolving around environmental considerations that any company may face. Sufficient understanding allows a company to develop an appropriate business plan for sustainable value creation and growth.
Scrubbed recently attended the groundbreaking SaaS Con PH, an event that brought together industry leaders, founders, and investors in the dynamic world of SaaS. With notable speakers and valuable insights, SaaS Con PH is set to shape the landscape of the industry. Read through as we share the impactful takeaways and exciting developments that emerged from this influential conference.
Nonprofits face the crucial task of showcasing integrity, transparency, and adherence to sector-specific tax laws. Navigating accounting and finance inquiries can be challenging. At Scrubbed, we strive to simplify processes. Discover our insights into the top five nonprofit issues frequently asked by clients.
Strengthen nonprofit finances—budget smarter, monitor cash flow, and boost sustainability.
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.
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.