Topics: Financial Reporting
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Restaurant Chart of Accounts: Setup for Easy Prime Cost
Build a restaurant chart of accounts that makes prime cost and margins fall out automatically. Structure, USAR alignment, numbering, and a sample layout.
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Inventory Costing Methods: FIFO vs LIFO vs Weighted Average
Compare the main inventory costing methods: FIFO, LIFO, weighted average, and specific identification, and how each affects COGS, ending inventory, and taxes.
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Construction in Progress Accounting: How to Record CIP
Construction in progress accounting tracks capitalized costs of a self-constructed asset in a CIP balance-sheet account until it is ready for use.
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Nonprofit Audit Requirements: Does Your Ohio Nonprofit Need One?
Nonprofit audit requirements explained: federal Single Audit triggers, funder and lender rules, Ohio charitable registration, and how to prepare.
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Manufacturing Accounting 101: Costing, Inventory, and Overhead
Manufacturing accounting explained: the three inventory stages, product vs period costs, job vs process costing, overhead allocation, COGS, and COGM.
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PCAOB Standard-Setting Agenda 2026: What the Comment Request Means
The PCAOB opened its 2026 standard-setting agenda to public comment for the first time. See the short-term projects and why audit committees should care.
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Restaurant Prime Cost: Formula, Ratio, and Benchmarks
Restaurant prime cost is cost of goods sold plus total labor. Learn the formula, the prime cost ratio, benchmark ranges, and how to bring…
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FASB Stablecoin Cash Equivalents Proposal Explained
FASB’s proposed ASU clarifies when stablecoins count as cash equivalents and adds a disclosure requirement for all entities. Comments due November 19, 2026.
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Standard Costing in Manufacturing: Standard vs Actual Methods
Standard costing assigns expected per-unit costs up front and measures the gap to real spending through variance analysis, which makes budgeting, pricing,
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Form 990 Mistakes That Trigger Donor and IRS Scrutiny
The Form 990 mistakes that draw the most scrutiny are governance gaps (missing conflict-of-interest, whistleblower, or document-retention policies, or a