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How to navigate accounting assumptions

ThomsonReuters

Jump to: What are the main accounting assumptions? Going concern assumption: A closer look How do common accounting assumptions relate to GAAP? Accounting assumptions, along with accounting principles and concepts, provide professionals with the necessary framework for preparing financial statements.

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What Is the Current Standard for Determining Whether a Requested Hardship Distribution Is Necessary?

ThomsonReuters

liquidation of assets, loans, other plan distributions), provided it had no contrary knowledge regarding the participant’s ability to pay. Cash and other liquid assets are not “reasonably available” if they are earmarked for payment of another obligation in the near future, such as rent. Contributing Editors: EBIA Staff.

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Supplemental Statement Emphasizes Limits of DOL’s 2020 Letter on Private Equity Investments

ThomsonReuters

Those sponsors had asked whether offering a professionally managed asset allocation fund with a private equity component in an individual account plan (such as a 401(k) plan) would necessarily violate ERISA. But that possibility should not be overstated. Contributing Authors: EBIA Staff.

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Boost Your Financial Performance: Reports Your FP&A Team Needs

Acterys

In this blog, we look at three main reporting types that FP&A teams must use to monitor the financial health and performance of a business. FP&A teams are responsible for creating financial statements at the end of the accounting cycle. P&L report in Acterys Excel Add-in 3.

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Watch out for regulatory progress on the supply-chain finance front 

ThomsonReuters

This leads many to classify the arrangements as part of accounts payable, making liquidity positions appear stronger than they actually are. So, if the terms of a supply-chain finance arrangement materially impact your liquidity in the present or in the future, they ought to be disclosed. . The SEC is watching.

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Xero’s FY 2023 financial results

Xero

million in restructuring costs, and non-cash accounting revaluation gains of $17.9 million Total available liquidity $1.1 You can find Xero’s FY23 results materials on our Investor Centre: www.xero.com/about/investors Best, Sukhinder Singh Cassidy CEO The post Xero’s FY 2023 financial results appeared first on Xero Blog.

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Bitcoin Daily: Bitcoin Climbs Above $18K; Liquid Reports Hack On Infrastructure; ASIC Charges Promoter In BitConnect Crypto Scheme

PYMNTS

In other news, cryptocurrency exchange Liquid alerted its users in a blog post Wednesday that a “malicious actor” was able to gain control of several internal email accounts and access to Liquid’s files. Liquid detected and contained the attack, which occurred Friday (Nov.