Insights on the Latest Trends and Best Practices in *Accounting and Finance
Contributions are critical to NPOs, and in-kind items like products and services are also valuable. However, recent concerns about the overstatement of their value have led to changes in accounting standards. The ASU 2020-07 provides more transparent and credible presentations and disclosures of nonfinancial asset contributions.
Discover cost management techniques for non-profits to balance mission impact with financial sustainability. Learn how to optimize resources and control expenses.
Surviving businesses still face the possibility of shutdown and doubts about continuing operations. Accurate accounting reports are essential to ensure compliance and meet stakeholder expectations.
The purpose of this (ASU) 2019-12 update is to reduce complexity, minimize cost, and improve the quality of information provided to financial statement users. This update aims to ease the difficulties that business professionals often encounter when dealing with accounting for income taxes.
Nearly three years post-pandemic, the Great Resignation that fueled a mass exodus of talent from US companies may feel like a distant memory. And continued talk of a recession might create the impression that hiring is set for a slowdown. But in reality, countless organizations across a wide range of industries are still struggling to hire qualified employees. The accounting field in particular is feeling the pinch.
When outsourcing accounting functions, it is important to select the service provider that best meets the needs of your organization. To ensure a successful selection process, asking yourself the following eight questions can help narrow down the choices and make an informed decision.
Scrubbed, an outsourced professional services firm specializing in accounting, tax, and corporate finance, today announced that it has joined the Oracle NetSuite Solution Provider Program. With NetSuite, Scrubbed will help its customers take advantage of a powerful cloud ERP system to gain the visibility and control needed to adapt and thrive.
Adopting DEI culture in the workplace improves employee engagement and productivity, enhances company reputation and attracts top talent, and increases innovation and creativity. It also helps companies to better understand and serve diverse customers.
CECL adoption guide—ensure your business is ready for the forward-looking credit model.
To grow and thrive going forward, CPA firms must have access to the right staffing resources to provide high-quality services to their clients and capture new business opportunities. However, the industry is suffering from staffing shortages that leave CPA firms shorthanded and their employees’ bandwidth stretched.
Businesses are feeling the pressure of accounting and finance professionals shortage. This shortage has implications for businesses as they struggle to find qualified employees to fill these roles. To add fuel to the fire, fewer college graduates are entering into accounting and finance careers, which compounds the problem.
Unlike every other companies, SaaS in particular need to be specially aware of the new updates in revenue recognition due to their subscription-based income streams. It may not be obvious at first glance but the consequences of failing to do so can be steep. The things is, how do you know if you’re doing it right?
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.