Topics: Cash Flow
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Ready for the new not-for-profit accounting standard?
A new accounting standard goes into effect starting in 2018 for churches, charities and other not-for-profit entities. Here’s a summary of the major changes.…
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Hedging Strategies for Your Business
The Financial Accounting Standards Board (FASB) recently issued some targeted improvements to its guidance that could encourage more companies to engage in hedging arrangements…
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Supplement your Financial Statements with Timely Flash Reports
Most companies prepare financial statements on a monthly or quarterly basis. Unfortunately, it usually takes between two and six weeks for management to finalize…
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Credit loss standard: The new CECL model
A new accounting standard on credit losses goes into effect in 2020 for public companies and 2021 for private ones. It will result in…
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Close-up on Restricted Cash
The Financial Accounting Standards Board (FASB) has amended U.S. Generally Accepted Accounting Principles (GAAP) to clarify the guidance on reporting restricted cash balances on…
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Use Pro Formas to Plot Your Route to Success
Running a business is like going on a road trip – and a detailed business plan that includes a set of pro forma financials…
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How to shape up your working capital
with low risk, but excessive amounts of cash tied up in working capital may detract from growth opportunities and other spending options, such as…
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Measuring “”Fair Value”” for Financial Measuring “”Fair Value”” for Financial Reporting Purposes
The balance sheet usually reflects the historic cost of assets and liabilities. But certain items must be reported at “fair value” under U.S. Generally…
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Matchmaker, matchmaker: Choosing the Matchmaker, matchmaker: Choosing the right lender
It’s easy to think of lenders as doing your company a favor. But business financing relationships are just that: relationships. Yes, a lender has…
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Evaluating going concern issues
Financial statements are generally prepared under the assumption that the business will remain a “going concern.” That is, it’s expected to continue to generate…