Articles & Publications

February 26, 2016 After a more than a decade in the evaluation of new lease accounting rules, the Financial Accounting Standards Board (FASB) has finally issued the new lease accounting standard that will create dramatic changes to most companies’. Read More >>

Tuesday, January 12, 2016 When planning your business exit strategy, one of the first things to do is decide who will succeed you. For example, you can sell the business to an outside buyer, pass it on to family. Read More >>

December 1, 2015 The FASB has issued a rather significant update to improve upon the balance sheet presentation of deferred taxes. Upon adoption, deferred tax assets or liabilities will be presented on one line item as non-current assets or. Read More >>

It’s just about official! Leases are going to be on the balance sheet effective 2019 for public companies and 2020 for private companies. After a vote on Wednesday, November 11th, the Financial Accounting Standards Board (FASB) will finally publish,. Read More >>

July 17, 2015 The Ohio Bureau of Workers Compensation (BWC) is transitioning to a prospective billing cycle effective with the start of their new fiscal year July 1, 2015.  “Prospective billing” is an insurance industry standard practice that will. Read More >>

As a business owner, your goal is to nurture and grow a successful company. But maybe your goal should be aiming for a successful and healthy company; because unfortunately, “successful” doesn’t always equal “healthy.” Yes, a successful business is. Read More >>

If you are like many small business owners, you have worked hard for much of your life to build your company into a successful enterprise.  But have you devoted the same planning and attention to your business’ “end game?” . Read More >>

How is your business doing? More importantly, how do you know how it’s doing? Most business owners have a sense of how their company is performing, but relying on instinct doesn’t often translate to the bottom line. Without regular. Read More >>

On December 23, 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards update No. 2014-18, Accounting for Identifiable Intangible Assets in a Business Combination. Previous U.S. GAAP regulations mandated that the acquirer of a business must identify 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 >>