Before you jump headfirst into the year-end financial reporting process, review the role independent audit committees play in providing investors and markets with high
You already may have reviewed a preliminary draft of your company’s year-end financial statements. But without a frame of reference, they don’t mean much.
Some benefit plans are required to include an opinion from an independent qualified public accountant (IQPA) when filing Form 5500 each year.
The Financial Accounting Standards Board (FASB) hasn’t issued any major new accounting rules in 2019.
Audit season is right around the corner for calendar-year entities.
The concept of “matching” is one of the basic principles of accrual-basis accounting.
Goodwill shows up on a company’s balance sheet when the company has been acquired in a business combination.
Working capital is the difference between a company’s current assets and current liabilities. For a business to thrive, its working capital must be greater than zero.
Change-in-control events — like merger and acquisition (M&A) transactions — don’t happen every day.
Most businesses report financial performance using U.S. Generally Accepted Accounting Principles (GAAP).