Call Us at (888) 284-3842

Top 5 Questions to Ask When Closing Fiscal Year

Whether you are a new business owner or one that’s been in business for years, understanding requirements of a fiscal year close can be confusing. Keeping your financial information and records accurate year-round is critical to the success of your business, and it...
FASB Clarifies Guidance on Accounting for Share-Based Payments

FASB Clarifies Guidance on Accounting for Share-Based Payments

In June 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (Update) 2014-12 regarding stock compensation. The Update clarifies the accounting for share-based payments when the terms of an award provide that a performance target...
Understanding the New Revenue Recognition Standard

Understanding the New Revenue Recognition Standard

On May 28, 2014, the International Accounting Standards Board (IASB), responsible for International Financial Reporting Standards (IFRS), and the Financial Accounting Standards Board (FASB), responsible for U.S. Generally Accepted Accounting Principles (U.S. GAAP),...
Private Company Accounting Changes Endorsed by FASB

Private Company Accounting Changes Endorsed by FASB

On November 25, 2013, the Financial Accounting Standards Board (FASB) endorsed an accounting alternative proposed by the Private Company Council (PCC) of the American Institute of CPAs (AICPA) which will change the way private companies account for goodwill and...