Recent News & Blog / Audit
Should Cloud Computing Setup Costs be Expensed or Capitalized?
Companies will be able to capitalize, or spread out the costs of, setting up pricey business systems that operate on cloud technology under an update to U.S. Generally Accepted Accounting Principles (GAAP). Here are the details.
Don't Let Collaborative Arrangements Cause Financial Reporting Headaches
Businesses often enter into so-called “collaborative arrangements” when they partner with another entity on a major project. Unfortunately, the current guidance for these types of arrangements under U.S. Generally Accepted Accounting Principles (GAAP) is somewhat vague.
Profits: How Low Can You Go?
If your profits are falling compared to revenue and assets, your financial statements may provide insight into what’s happening and how to improve your performance.