Articles & Publications

What Type of Financial Assets are Within the Scope of CECL? The scope of CECL is broad and includes the following: ITEM NATURE Loan Receivables/Notes Receivable Financial Assets measured at amortized cost Held-to-maturity debt securities Financial Assets measured at. Read More >>

CECL Background CECL refers to the credit impairment model provided in Accounting Standards Update (“ASU”) 2016-13, Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, as subsequently amended. The ASU requires credit losses on. Read More >>

No, CECL is not applicable to equity securities. ASC 321, Investments – Equity Securities provides the applicable guidance for equity securities, including impairment considerations for securities without readily determinable fair values for which the measurement alternative has been elected.. Read More >>

COVID-19 has had a significant economic impact in the United States. Some nonprofit organizations were compelled to temporarily close, execute their mission remotely or restructure their operations entirely. The Federal Government responded by releasing considerable amounts of funding to. Read More >>

The global pandemic has caused nearly every business to rapidly adjust its operations to allow for remote and contact-less working environments. But during this abrupt pivot, some organizations may have adversely impacted their control environment, elevating their financial and. Read More >>

Matthew R. Mallinak, CPA, has been named our newest partner at BMF. Matt specializes in serving middle-market growth companies in manufacturing/distribution, construction, retail and financial industries. He brings an unusual combination of skills in serving both privately held as. Read More >>

When the stock market took a precipitous plunge this past December, there was immediate chatter on the possibility of sliding into another recession. It occurred to me that not only have we gone nearly ten years without a recession,. Read More >>

We are pleased to announce the addition of Kristian R. Barr, CPA, MSA, to our Assurance and Advisory group. Kristian brings a seasoned background with more than 15 years of experience working within a $100M global manufacturing environment and. Read More >>

  You can never be too busy to review warehouses layouts and how employees move around the space. Awkward or repetitive movements by employees, oversized packages, and disorganized layouts can slow down productivity and even lead to medical and. Read More >>

After nearly 13 years of work, the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) issued their converged standard on revenue recognition on May 28.  The objective of the new revenue standard is to provide a. Read More >>