Changes to Manufacturing Lease Accounting
Katz,Sapper&Miller
MARCH 3, 2020
Most manufacturers, wholesalers, and distributors lease operating facilities or equipment, whether from a third party or a related party.
Katz,Sapper&Miller
MARCH 3, 2020
Most manufacturers, wholesalers, and distributors lease operating facilities or equipment, whether from a third party or a related party.
Katz,Sapper&Miller
APRIL 20, 2018
In recent years, the Financial Accounting Standards Board (FASB) received feedback that revenue recognition guidance was fragmented at best, confusing at worst. This is significant considering revenue is the key measurement used to determine a manufacturing company’s performance.
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CPA Practice
AUGUST 1, 2023
The Financial Accounting Standards Board ( FASB ) has published a proposed Accounting Standards Update (ASU) intended to provide investors with more decision-useful information about a public business entity’s expenses. Stakeholders are encouraged to review and provide comment on the proposal by October 30, 2023.
Withum
DECEMBER 19, 2023
The new guidance issued in Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2016-13 is effective for fiscal years beginning after December 31, 2022 for these companies.
Cherry Bekaert
MAY 3, 2024
Expanding business operations globally allows companies access to new markets, more efficient manufacturing options, new technologies, a larger workforce and new sources of inventory. Example : Company A manufactures smartphones in Ireland. At the same time, global expansion increases the level and complexity of taxation.
Cherry Bekaert
NOVEMBER 9, 2023
Yes, the Greenhouse Gas Protocol is the global carbon emissions accounting standard. The standard provides methodology for Corporate Accounting and Reporting (the most common), Project Accounting and Product Accounting.
ThomsonReuters
DECEMBER 19, 2023
the IRS uses Form 6627 to calculate the environmental tax on: petroleum, ozone-depleting chemicals (ODCs), imported products that used ODCs as materials in the manufacture or production of the product, the floor stocks tax on ODCs, taxable chemicals and the applicable rates, and taxable imported chemicals substances and the applicable rates.
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