I’ve written about the amazing Michaela Shiffrin before. She’s the exciting alpine skier who has achieved spectacular results. She’s won the World Cup overall title three times. She has 56 World Cup individual victories and three Olympic medals. Two of those are gold. She’s the best in the world. How does she make it look easy? It’s just like […]
The Financial Accounting Standards Board (FASB) has recently requested input from public companies on the topic of accounting for intangible assets and goodwill. Input is needed on the best accounting method for goodwill that is informational and useful to the investors while not being overly burdensome for the accountants. What is goodwill? Goodwill is an […]
Maintaining professional skepticism during all parts of the audit process is crucial and is required of those performing audits according to professional standards. Professional skepticism must be applied to all areas throughout the year, including planning the audit, performing the fieldwork and maintaining the on-going client relationship during the remainder of the year. What is […]
The Internal Revenue Service has launched the new Tax Withholding Estimator, an expanded, mobile-friendly online tool designed to make it easier for everyone to have the right amount of tax withheld during the year. The Tax Withholding Estimator replaces the Withholding Calculator, which offered workers a convenient online method for checking their withholding. The new Tax […]
Rarely is there an accounting change that affects all companies and all industries, however Accounting Standards Codification 606 is one such change. Almost all entities within almost all industries will be affected by ASC 606 because of the changes in the disclosure requirements. Scope of ASC 606 ASC 606 specifically addresses the recognition of revenue from […]
Learning Management Systems, (LMSs) are a great way to collect and organize professional development activities across your company. Let’s face it, there are so many people needing such a wide variety of training that doing it all by hand, without a centralized system, would be nigh upon impossible. It would surely be both more expensive and […]
Despite all the “turmoil” that is going on over at the U.S. Department of Labor (DOL), the work is still continuing. The DOL has issued three new opinion letters that address compliance issues related to the Fair Labor Standards Act (FLSA) and the Family and Medical Leave Act (FMLA). An opinion letter is an official, written opinion […]
Ideas for addressing your labor shortageAs the economists talk about when the next recession will arrive, or when the stock market will really fall, or when the yield curve inversion will really tell us something, one thing remains clear and present as it has been for several years: the labor market is really tight. Unemployment […]
Let’s face it, training for both accounting and corporate finance professionals is tough and expensive, and most companies don’t do a good job of it. Why? Well, we can start with the fact that most companies simply have the wrong tools in place. Most companies have very few good options for their Finance and Accounting […]
Ask any employee the most important department in his or her company and you will likely receive a unanimous answer of “the payroll department!”. We all recognize the value of receiving timely and correct paychecks but most of us are unaware of the detail that goes into preparing payroll in accordance with company policy and […]
