Articles & Publications

Dear Clients, Friends, and Community Partners: The pace of change in today’s business environment has not slowed; it has accelerated. Legislative developments, shifting federal policy, evolving tariff frameworks, and continued regulatory complexity have reshaped planning assumptions for organizations across. Read More >>

How to Reduce Surprises, Improve Credibility, and Protect Deal Value For founder-owned and closely held companies, a private equity sale process is often the first time financial reporting is tested under true outside scrutiny. Even when results are strong,. Read More >>

How Preparation Improves Audit Efficiency, Timelines, and Outcomes Year-end audits don’t have to feel stressful, disruptive, or time-consuming. Organizations that approach the audit process with preparation and structure often experience smoother fieldwork, faster completion, and fewer last-minute issues. Audit. Read More >>

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 >>