The Financial Accounting Standards Board (FASB) issued Revenue from Contracts with Customers (Topic 606) to clarify and apply revenue recognition … Read More
What are the different types of audits? Internal audits External audits Financial statement audits Performance audits Operational audits Employee benefit … Read More
What’s financial forecasting? Financial forecasting is the practice of planning for various financial outcomes of your business. You can use forecasting for overall business health or … Read More
Establishing strong internal controls within your organization is key to protecting it from embezzlement, asset misappropriation, and other types of … Read More
Proper accounting for inventory is important for manufacturers, distributors and resellers. Costs associated with inventory generally represent the largest annual … Read More
