Topics: Financial Reporting
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Food Cost Percentage: How to Calculate It and Cut It
Food cost percentage equals your cost of goods sold for food divided by food sales, multiplied by 100.
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Percentage of Completion Accounting vs. Completed-Contract Method
Percentage of completion accounting recognizes revenue and profit gradually as a long-term contract progresses, usually measured by costs incurred to date
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USAP Audits Explained for Mortgage Lenders and Servicers
A USAP audit is an annual attestation engagement, performed by an independent CPA under attestation standards, that reports on whether a mortgage servicer
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HUD and Ginnie Mae Net Worth and Liquidity: 2026 Checklist
An FHA-approved Title II nonsupervised mortgagee must maintain a minimum adjusted net worth of $1,000,000, plus 1 percent of total FHA loan volume above
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What a Custodial Account Audit Covers for Mortgage Servicers
A custodial account audit tests whether a mortgage servicer keeps borrower escrow and investor principal-and-interest funds in properly titled, federally
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Production Accounting 101: Cost Reports, Hot Costs, and Audits
Production accounting records and reports a film’s costs against its budget using tools like the weekly cost report and the daily hot cost.
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Reading a WIP Schedule: Over and Under Billings Explained
A WIP schedule shows each contract’s price, costs to date, estimated cost to complete, percentage complete, earned revenue, and billings.
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How to Choose a Construction CPA Who Understands Bonding
Choose a construction CPA who prepares WIP schedules as a routine part of your financial statements, applies percentage-of-completion revenue recognition
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Functional Expense Allocation: Program vs Overhead Done Right
Functional expense allocation assigns each cost to program services, management and general, or fundraising based on the purpose it serves.
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Mortgage Agency Approval: What New Originators Need
Mortgage agency approval is the process of getting authorized to originate, underwrite, or service loans backed by federal programs and the secondary market,