As with all businesses, a manufacturing company uses a sequence of events known as an accounting cycle to prepare financial statements. Being a manufacturer brings some specific requirements, notably ...

Last year, the Financial Accounting Standards Board (FASB) provided private companies with an extra year to adopt lease accounting standard ASC 842. When this was announced, 63.8% of surveyed private ...

Effective tax accounting is a complex and high-stakes function. The accuracy of tax provisions is critical to financial reporting, yet vulnerabilities exist due to the reliance on spreadsheets and the ...

Intelligent process automation (IPA) represents a transformative approach combining robotic process automation (RPA), artificial intelligence (AI), and other advanced technologies to streamline ...

Independent internal verification works to make sure your employees are following the rules and not shortcutting internal controls. Unlike an external audit, which focuses on financial statement ...

Accounting Today and Best Companies Group have announced the members of the 2024 Best Accounting Firms to Work For list. The annual survey and awards program is designed to identify, recognize and ...