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The Ripple Effect of Tariffs: Inventory, Pricing and Financial Statements

Withum

Because of this, business owners and managers will need to contemplate the impacts of tariffs on their financial reporting process. Let’s Chat The post The Ripple Effect of Tariffs: Inventory, Pricing and Financial Statements appeared first on Withum. Are Tariffs Considered Inventoriable Costs?

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FP&A Reports Every Organization Needs to Succeed

Acterys

Financial reporting provides a retrospective view of your company’s financial status. It focuses on presenting financial data clearly and in accordance with accounting standards. Despite their differences, both functions are critical to achieving accurate financial planning.

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Inside GASB's far-reaching agenda

Accounting Today

The Governmental Accounting Standards Board is juggling a variety of projects to improve accounting for state and local governments as they come under pressure from the threat of reduced funding from the federal government. Governmental Accounting Standards Board chairman Joel M. All rights reserved.

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Understanding Cash vs. Accrual Accounting

Withum

Moreover, cash basis accounting is not compliant with Generally Accepted Accounting Principles (GAAP), as established by the Financial Accounting Standards Board (FASB). GAAP mandates the use of accrual accounting, meaning businesses relying solely on cash basis accounting may face compliance issues.

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FASB Issues Post-Implementation Review Report for Its Revenue Recognition Standard

CPA Practice

The Financial Accounting Standards Board (FASB) has issued the report on Post-Implementation Review: Revenue from Contracts with Customers (Topic 606). Jones and Technical Director Jackson M.

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The accountant's advantage over technology in fraud prevention

Accounting Today

Accountants who grasp these behavioral dynamics are better equipped to lead businesses through the emotional and operational challenges of building stronger defenses. The modern accountant must blend technical precision with behavioral insight. All rights reserved.

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The Month-End Close Process: A Behind-the-Scenes Look for Business Owners

Basis 365

The month-end close process is a critical accounting procedure that ensures the accuracy of financial statements, providing a snapshot of your business's financial health. This blog walks you through the steps involved in the month-end close and explains why each step is vital for reliable financial reporting.