Do you have debt or other agreements that utilize the London Interbank Offered Rate (LIBOR) as the benchmark reference rate? If so, are you prepared for reference rate reform? Over the past years, there has been an effort to move away from the LIBOR and other...
The cash flow statement is an important part of a company’s overall financial statements. It provides a close look at the actual cash inflows and outflows for the period presented (typically one year). Simply put, it summarizes the changes in cash and cash equivalents...
A company’s financials provide important information regarding current economic wellbeing and, if you know what to look for, can provide information on potential future success or failure. Whether you’re an auditor, a tax accountant, a company looking to acquire...
As you may know, the new lease standard, ASU 2016-02, Leases (Topic 842), issued by the Financial Accounting Standards Board (FASB) on February 25, 2016, is now effective for public business entities, along with certain not-for-profit entities and employee benefit...
“Success often comes to those who have the aptitude to see way down the road.” - Laine Burns Short-term and long-term planning is critical to the success of any company, as CFOs well know. At the beginning and end of each year, business owners and leaders are busy...