Articles & Publications

All Posts

Revenue Recognition Issue 9 – Special Focus: Manufacturing

Sales in a manufacturing environment can take a wide variety of directions that would result in significantly different revenue recognition timing on a company’s financial statements. If your operation makes a very simple product that is sold on a. Read More >>

Revenue Recognition Issue 8 – Special Focus: Construction

As the new standards are being rolled out, the construction industry needs to address these standards as well as the unique accounting issues that the construction contractor faces with preparing their annual financial statements. There are several unique items. Read More >>

Study Identifies 5 Major Construction Risk Factors

October 5, 2018 Construction

It’s impossible to run any business without incurring risks, but the construction industry is riskier than most. Smart contractors do all they can to understand and mitigate the business threats they face so their businesses remain viable in times. Read More >>

Smart Factories and Blockchain: How to stay on the cutting edge of technology

Most manufacturers have already applied classic business management concepts, such as just-in-time production and continuous improvement initiatives, to enhance cash flow and efficiency. But those efforts might not be enough to stay competitive in a technology-driven marketplace. Here’s how. Read More >>

BMF Adds Two New Associates

September 26, 2018 BMF InsightsBreaking News and Alerts BMF

We are pleased to announce the following professionals have joined our Northeast Ohio team. Sarah Dauerman, senior audit accountant, graduated from Ohio University and spent the past three years at a Columbus-based regional firm where she served on the. Read More >>

Revenue Recognition Issue 7 – Recognize Revenue When/As Performance Obligations Are Satisfied

Now that you have identified the contract and the underlying performance obligations, gathered information to assess the transaction price, and allocated the transaction price to the individual performance obligations, in this final step you’ll need to determine when to. Read More >>

BMF Announces the Promotion of Six Associates in Northeast Ohio

September 20, 2018 BMF InsightsBreaking News and Alerts BMF

We are pleased to announce the promotions of six associates within Northeast Ohio. Dana E. Mountjoy, CPA, to Senior Manager, Assurance and Advisory Services. Dana brings nine years of experience at both a Big 4 and national firm, with. Read More >>

Revenue Recognition Issue 6 – Allocate Transaction Price to Performance Obligations

Now that the transaction price has been identified under the contract, an analysis should be performed to allocate the transaction price amongst the performance obligations under the contract. These allocations will not always be obvious and will require significant. Read More >>

BMF Insights: Leveraging Strengths

September 18, 2018 BMF Insights BMF

“You need to be more well-rounded.” “You need to focus on your weaknesses.” “You need to be more like this and less like that.” Like most of us, you’ve likely heard these statements echoed throughout your professional career, if. Read More >>

Staff Highlights – Fall 2018

September 18, 2018 BMF InsightsMeet Our Team BMF

To support the continued growth of our practice, we are pleased to announce the following additions to our professional staff: Sarah Dauerman, senior audit accountant, graduated from Ohio University and spent the past three years at a Columbus-based regional. Read More >>