Audit & Accounting | Warady & Davis, LLP

Adjusting your financial statements for COVID-19 tax relief measures

The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, 2020, contains several tax-related provisions for businesses hit by the novel coronavirus (COVID-19) crisis. Those provisions will also have an impact on financial reporting....

Using your financial statements during an economic crisis

The economic fallout from the coronavirus (COVID-19) pandemic has forced business owners to reevaluate their operations and make difficult decisions. One place to look for the information you need to make rational, reasonable moves is your financial statements. Under...

FASB accounting rules delay in the works

Recently, the Financial Accounting Standards Board (FASB) voted to issue a proposal that would delay several landmark accounting rules for certain companies. If finalized, the deferral would apply to new guidance for reporting leases, hedging transactions, credit...

Five steps to better manage receivables

Failure to collect accounts receivable (AR) in a timely manner can lead to myriad financial problems for your company, including poor cash flow and the inability to pay its own bills. Here are five effective ideas to facilitate more timely collections: 1. Create an AR...

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Adjusting your financial statements for COVID-19 tax relief measures

Using your financial statements during an economic crisis

FASB accounting rules delay in the works

Five steps to better manage receivables

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Adjusting your financial statements for COVID-19 tax relief measures

Using your financial statements during an economic crisis

FASB accounting rules delay in the works

Five steps to better manage receivables

New Revenue Recognition Standard