Contributor: David A. McKay
By Edelstein on January 27, 2020
Construction contractors, professional service firms, specialty manufacturers and other companies that work on large projects often struggle with job costing. Full cost allocations are essential to gauging whether you’re making money on each job. But
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Posted In: Alerts & Advisories
By Edelstein on January 20, 2020
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-quality, reliable financial information. Recent SEC statement Under Securities and Exchange Commission
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Posted In: Alerts & Advisories
By Edelstein on January 13, 2020
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. That’s why it’s important to compare your company’s performance over time
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Posted In: Alerts & Advisories
By Edelstein on January 6, 2020
Some benefit plans are required to include an opinion from an independent qualified public accountant (IQPA) when filing Form 5500 each year. The IQPA examines the plan’s financial statements and schedules to ensure they’re presented fairly
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Posted In: Alerts & Advisories
By Edelstein on January 2, 2020
When the Financial Accounting Standards Board (FASB) updated its rules for recognizing revenue from contracts in 2014, it only added to the confusion that nonprofits already had about accounting for grants and similar contracts. Fortunately,
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Posted In: Alerts & Advisories
By Edelstein on December 23, 2019
The Financial Accounting Standards Board (FASB) hasn’t issued any major new accounting rules in 2019. But there have been some important developments to be aware of when preparing annual financial statements under U.S. Generally Accepted
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Posted In: Alerts & Advisories
By Edelstein on December 16, 2019
Audit season is right around the corner for calendar-year entities. Here’s what your auditor is doing behind the scenes to prepare — and how you can help facilitate the audit planning process. The big picture
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Posted In: Alerts & Advisories
By Edelstein on December 5, 2019
Goodwill shows up on a company’s balance sheet when the company has been acquired in a business combination. It represents what’s left over after the purchase price in a merger or acquisition is allocated to
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Posted In: Alerts & Advisories
By Edelstein on November 25, 2019
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. A positive balance enables the company to meet its
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Posted In: Alerts & Advisories
By Edelstein on November 22, 2019
Annually, we host our State of the Firm meeting in which the entire firm comes together to reflect on our past year and look forward to the next. This year, we took a different approach by
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Posted In: Events