Articles & Publications

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 >>

If you have been considering whether a switch from QuickBooks Desktop to QuickBooks Online is right for you, you’re not alone. In an era where digital transformation is reshaping industries, the contemplation of upgrading tools is inevitable. The shift. Read More >>

In today’s dynamic and uncertain economy, expanding your business might not seem like the obvious choice. However, strategic growth can be the key to long-term financial health and success. Whether you aim to double in size within five years. Read More >>

Understanding a company’s value is critical when seeking new loans to expand your business or when renegotiating existing terms to be more favorable. It is imperative to understand your financial position and value, especially when dealing with lenders. Your. Read More >>

In today’s uncertain economic climate, business owners face challenges in selecting the right financing options to support their operations and navigate financial uncertainties. Whether you require funding for equipment upgrades or wish to expand your business, it’s crucial to. 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 >>

What is the New Lease Standard? The objective of the new lease standard is to include all lease commitments in financial statements, as opposed to the previous practice of excluding operating leases. This change ensures that the financial statements. Read More >>

The global pandemic and the impacts it had on the economy at large presented significant challenges for nearly all businesses over last two years. Businesses are looking for new and creative ways to steady revenue streams and improve their. Read More >>