Thought Leadership

Pen Laying on Graph

Will FASB Require More Detailed Expense Reporting?

Investors often can’t get sufficient information about a company’s future cash flows because expense information is too dense, according to recent discussions by the Financial Accounting Standards Board (FASB). An ongoing FASB project aims to make the income statement more useful to those who read…

Learn More

Clock Face Close Up

A Fresh Look at Percentage of Completion Accounting

How do you report revenue and expenses from long-term contracts? Some companies that were required to use the percentage of completion method (PCM) under prior tax law may qualify for an exception that was expanded by the Tax Cuts and Jobs Act (TCJA). This could, in turn, have spillover effects on…

Learn More

Binders Stacked

Put a QOE Report to Work for You

An independent quality of earnings (QOE) report can be a valuable tool in mergers and acquisitions. It’s important for both buyers and sellers to look beyond the quantitative information provided by the selling company’s financial statements.

Learn More

Stack of Notebooks & Laptop on Desk

Are You Ready for Automation?

A specific form of artificial intelligence known as robotic process automation (RPA) can relieve accounting staff of repetitive burdens and allow people to focus on higher-level analyses and strategic projects. Unlike manufacturing automation, RPA relies on software to automate digital processes,…

Learn More

Geometric Objects

Boardrooms Are Looking More Diverse

Companies of all sizes and industries understand the strategic value of bringing diverse voices to the table, not only in their workforce but also in their boards of directors. Recent boardroom diversity studies have identified some key findings and characteristics — beyond diversity of gender and…

Learn More

Fingerprint on Police Fingerprint Card

Train Employees to Help Stamp out Fraud

If your company is tired of being a fraud target, it’s time to train employees how to recognize and uncover unscrupulous activities — before irreparable damage is done. Here’s how.

Learn More

Spilled Jar of Coins On Page

What Type of Expenses Can’t Be Written off by Your Business?

If you read the Internal Revenue Code (and you probably don’t want to!), you may be surprised to find that most business deductions aren’t specifically listed. It doesn’t explicitly state that you can deduct office supplies and certain other expenses. Some expenses are detailed in the tax code, but…

Learn More

Row of Balls with Light

Close-Up on Professional Standards for CPAs

The accounting profession is largely self-regulated by the American Institute of Certified Public Accountants (AICPA). Part of its mission involves the development and enforcement of a broad range of standards for the profession.

Learn More

Vintage Cabinet

Dissecting the Role of the Forensic Accountant in Litigation

When people hear the term “forensic science,” they usually think “CSI.” What comes to mind when you hear the term “forensic accounting”? Similar to forensic scientists offering opinions about scientific matters, forensic accountants may be called on to investigate and serve as financial experts in…

Learn More