Financial Operations
11 Things to Do Now to Prepare for Your First Audit
A financial statement audit attested by an independent auditor includes the examination of a company’s financial records that include balance sheet, income…
Revised Revenue Recognition Standards: The Impact on M&A Transactions
The new accounting standard for revenue recognition will present unique considerations for companies that are eyeing an M&A transaction. Learn more.
You’ve Discovered a Case of Employee Fraud: Now What?
Do you know how to combat employee fraud? Here are the steps to take if a trusted employee has stolen from you.
Indirect Cost Series: Part One – What Are Indirect Costs?
This is part one of a five-part series on indirect costs. When contractors are accounting for contracts, it’s easy to…
Hedge Fund Schedule K-1s and U.S. Foreign Reporting
Hedge funds are investment partnerships that issue a Schedule K-1 to investors which are partners in the partnership. The Schedule…
Approval of Journal Entries (avoiding management letter comments, part 6)
One part of a good system of internal controls is having all general journal entries reviewed. This is also a…
Should We Accrue Sabbatical Leave?
Vested rights are those that accumulate over time as earned but not yet used and are to be redeemed at…
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