Columbus – New Lease Accounting and Revenue Recognition Standards
Time is running out to comply with the new lease accounting and revenue recognition standards. Many companies have underestimated the significance of the changes and the amount of effort required to implement the new guidance. Has your business fully assessed the potential impact these new guidelines could have on your organization and your financial statements? […]
Ohio governmental entities – Calendar Year 2019 Audit Update
The following are updated reporting requirements and process changes for Ohio governmental entities focused on their 2019 calendar year audit. Auditor of State (AOS) filing deadlines for unaudited December 31, 2019, financial statements through Hinkle System (as of midnight by the date listed): Monday, March 2, 2020: Submission deadline for cash-basis financial statements, including OCBOA […]
4 ways to control dealership expenses
It’s always a good idea to keep your dealership’s expenses under control. But there are times when this becomes even more important. The next year may be one of those occasions, as many economists are predicting economic decline. According to the June 2019 Wall Street Journal Economic Forecast Survey, for example, nearly half of the […]
Improving the Usefulness of Management’s Discussion and Analysis
Everyone agrees that transparency and disclosure are essential elements for good government. When the Governmental Accounting Standards Board (GASB) introduced the concept of Management’s Discussion and Analysis (MD&A) in GASB Statement 34, they understood that financial managers of governments are the most knowledgeable about the transactions and conditions that are reflected in a government’s financial […]
Revenue Recognition: A Guide for Manufacturers & Distributors
Non-compliance with the new revenue recognition standards could put your manufacturing business at risk. And with the effective dates of the new rules upon us, it’s critical that manufacturers and distributors understand these guidelines and the potential impact on their organization. In this white paper, CSH’s Eric Schnieber shares some important highlights.
Tax Tips: Planning strategies for your business and you
Interviewed by Jayne Gest Now is the time to think about 2019 tax planning — before you find yourself in a year-end scramble. “Business owners have a better sense of what kind of year they are having, and how that may impact their tax bill. They still have time to act,” says Jane Pfeifer, CPA, […]
A Closer Look at the New Lease Accounting Standards
https://cshco.wistia.com/medias/23j47xv8m2?embedType=async&videoFoam=true&videoWidth=640 Please note CPE is not available for webinars on-demand. CPE is only available for live events. Are FASB’s new lease accounting rules causing your company’s financial statements to hang in the balance (sheet)? After 10 years in the making, the Financial Accounting Standards Board (FASB) issued comprehensive changes regarding the financial reporting of real […]
Are You Ready for the Accounting and Reporting Changes Coming to Fiduciary Funds?
Governmental Accounting Standards Board Statement No. 84 (GASBS No. 84), Fiduciary Activities, provides updated guidance on reporting activities in which the government has a fiduciary role. The Statement retains three of the previously used fiduciary fund types (pension and other employee benefit trust, investment trust and private-purpose trust funds) and replaces agency funds with custodial […]
Making Internal Audit Agile
Please note CPE is available for live events only. CPE is not available for webinars on-demand. The image of auditors as compliance champions and rule defenders doesn’t seem synonymous with flexible processes. But what if you could transform formal, comprehensive methods into a fluid, adaptable approach? Successful implementation of agile internal auditing (Agile IA) allows […]
The impact of robotics and the benefits of increased automation
Please note: CPE is not available for webinars on demand. It is only available for live events. Accounting and audit are key areas where Robotic Process Automation (“RPA”) is transforming the way businesses operate, because it is not limited to just performing simple calculations, but rather the automation of entire processes. As these technological advancements […]