Beyond the Balance Sheet: The Real Value of a Nonprofit Audit
We get it — “audit” doesn’t exactly spark joy. But for nonprofits, an audit can be a powerful tool for building trust, securing funding, and preparing for the future.
FASB Update Simplifies Credit Loss Calculations for Receivables
In July 2025, the Financial Accounting Standards Board (FASB) released Accounting Standards Update (ASU) 2025-05, which tweaks how businesses estimate credit losses on short-term accounts receivable and contract assets.
Nonprofit GAAP: Gifts-in-Kind & Donated Services
In nonprofit accounting, accurately recording contributions is vital not only for financial transparency but also for compliance with U.S. Generally Accepted Accounting Principles (U.S. GAAP). Two common forms of contributions that often present technical accounting challenges are gifts in kind and donated services.
Navigating Liabilities and Equity
For business owners and finance leaders, understanding the distinction between liabilities and equity is crucial for accurate financial reporting and informed decision-making.
Navigating Principal vs. Agent Theory - Crucial Aspects of 606
In the ever-evolving landscape of revenue recognition, understanding the principal versus agent distinction is essential for companies seeking to comply with the guidelines set forth by U.S. GAAP Topic 606
Navigating U.S. GAAP Topic 842 Leases
In today's complex business environment, the accurate application of accounting standards is crucial for organizations seeking financial transparency, compliance and access to capital.
ASC 815 Derivatives and Hedging: Risk Management at Scale
In today's disruptive and ever evolving business environment, organizations face an ever-increasing need to manage financial, operational and supply chain risks effectively.