by Erick Wegmann | Oct 31, 2018 | Insights
Reading Time: 6 minutes Background The current FASB accounting standards codification associated with Business Combinations (Topic 805) defines a business as, “an integrated set of activities and assets that is capable of being conducted and managed for the...
by Erick Wegmann | Oct 23, 2016 | Insights
Reading Time: 4 minutes What do the new lease accounting rules mean to your company? The new rules will affect your organization if you lease anything from copiers to office space. The new rules provide guidelines on lease accounting that represents the most...
by Erick Wegmann | Apr 8, 2015 | Insights
Reading Time: 3 minutes Lower of Cost or Market is the approach to valuing inventory. Recent events, particularly in the energy industry are causing economic uncertainty. This economic uncertainty is affecting the entire supply chain in the energy industry. Many...
