by Controllers Council | Feb 7, 2023 | Accounting, Sponsor News
Without a firm grip on your leases, you will likely have trouble sustaining accurate lease data. This puts your business at risk of misreporting company lease information to comply with ASC 842, which can lead to increased audit fees and fines, legal action and more. ...
by Controllers Council | Jan 26, 2023 | Accounting, KPIs
Controllers and CFOs play a vital role in guiding corporate strategy. The best business decisions depend on data, and these financial workers rely on company data to develop a set of key performance indicators (KPIs) that drive the organization forward. One of the...
by Controllers Council | Jan 24, 2023 | Accounting
Liquidity refers to how readily you can convert your business assets into cash. It’s an important financial attribute that can be measured using one of three liquidity ratios. High liquidity can protect you during an emergency and give you the funding you need to...
by Controllers Council | Jan 19, 2023 | Accounting
No matter your industry, you need cash to stay in business, especially during periods of economic instability or inflation. Liquidity is a way that companies measure their ability to gain access to cash to cover short-term obligations. Here’s a deep dive into the...
by Neil Brown | Dec 29, 2022 | Accounting
In September of 2022, the FASB announced its Accounting Standards Update (ASU) 2022-04 subtopic 405-50, Disclosure of Supplier Finance Program Obligations. The amendments in the Update are effective for fiscal years beginning after December 15, 2022, including...
by Controllers Council | Dec 19, 2022 | Accounting, Trends
The last two years have brought about rapid and sweeping changes to the accounting industry. In 2023, issues involving technology, regulatory compliance, and the talent shortage will take center stage, presenting evolving challenges to accountants, CPAs, and corporate...
