Category Name
Recent articles
Marijuana Banking: Things To Be On the Lookout for in an Evolving Industry
By Rachel Backus, BSACS – Internal Audit and Compliance Manager, Financial Institutions Group Over the past few years, the United States has experienced continued growth in the cannabis...
FASB expands CECL disclosures to address troubled debt restructurings, write-offs
The Financial Accounting Standards Board released an accounting standards update Thursday aimed at improving the usefulness of information offered to investors about certain loan refinancings,...
728×90 AD SPACE
An Overview of Goodwill
What is goodwill? Goodwill is an intangible asset resulting from the purchase of an entity for more than its fair market value. The concept of goodwill is used when an entity is acquiring...
Government Fund Accounting: GASB 87 Leases Within GASB 34 Consolidation to ACFR
This article provides accounting considerations for leases under GASB 87, as well as how they become part of the statement of net position and statement of activities under GASB 34.
728×90 AD SPACE
Tax on Tipping: How Restaurants and Bars Should Report Employee Tips
In most restaurants and bars, employees have the potential to earn a majority of their wages in tips. To make sure this tipped income is reported for tax purposes, certain food and beverage...
Lease Accounting Explained: New Standards, Lessee vs. Lessor, Changes, Calculations, & More
This article provides an overview of lease accounting, including defining lessee and lessor, updates to the accounting standards, and the benefits of a software solution.