Business Survival: Protecting Cash
Posted by Julie Killian on April 3, 2020
Julie Killian
As the world faces, and attempts to absorb, the realities presented by the Covid-19 health crisis, businesses and in particular small businesses, need to be focused on survival.
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CARES Act Special Rules for Use of Retirement Funds
Posted by Julie Killian on March 30, 2020
The CARES Act includes a number of provisions to allow access to retirement funds in employer-sponsored retirement plans.
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Tips for a Smooth Audit
Posted by Julie Killian on December 19, 2019
Whether preparing for a first-year audit or looking to simplify the existing audit process, there are proactive steps a company can take to have a smooth and relatively painless corporate financial statement audit.
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Revenue Recognition Changes for Professional Service Companies
Posted by Julie Killian on October 11, 2019
While many professional service companies have completed their analyses and made updates to track data in accordance with the new standard, some are still in the process and playing catch-up. For those that still need to implement the standard, consider these key areas that are likely to impact professional service companies.
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Do You have to Adopt the FASB Revenue and Lease Standards?
Posted by Julie Killian on June 11, 2019
Do you provide monthly or quarterly financial statements to your bank or other stakeholders? Are those financial statements required to be prepared using US GAAP standards?
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Revenue Recognition Changes are Here
Posted by Julie Killian on November 26, 2018
The complexity of the new standard can make implementation time consuming, and the time remaining for that implementation is short.
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Revenue Recognition: Five-Step Implementation
Posted by Julie Killian on March 5, 2018
When recognizing revenue over time, the objective is to do so in a pattern commensurate with the transfer of control to the customer.
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Employee Benefit Plan Implications of the Tax Cuts and Jobs Act
Posted by Julie Killian on February 28, 2018
While the business and individual provisions of the Tax Cuts and Jobs Act (TCJA) are currently the focus of attention for many, those responsible for …
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Revenue Recognition: Allocating Transaction Price
Posted by Julie Killian on December 19, 2017
Over the past several months Clayton & McKervey has provided information about the new revenue recognition standard released by the Financial Accounting Standards Board …
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Revenue Recognition: Determining Transaction Price
Posted by Julie Killian on November 20, 2017
Over the past several months Clayton & McKervey has provided information about the new revenue recognition standard released by the Financial Accounting Standards Board (FASB); …
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