What is CECL? CECL, or Current Expected Credit Losses, refers to the Financial Accounting Standard Board’s (FASB) Accounting Standards Codification (ASC) 326. It made many headlines in 2020 as it significantly increased reserves at banks and finance companies...
Healthcare is one of the most heavily regulated industries in the world. For most healthcare leaders, a merger, acquisition, or valuation isn’t just a financial transaction—it’s a regulatory minefield. One oversight in billing practices or a misunderstanding of...
Did you know that medical devices that are not secure are considered the top cybersecurity threat to healthcare organizations? Only about 51 percent of respondents to a survey said their organizations include preventative measures against cybersecurity attacks on...
Distribution companies should be aware of the potential threat of a cyber attack because such attacks can have severe consequences. As distribution companies are responsible for transporting goods from one location to another, they rely heavily on digital systems and...
Every small business owner works to build something lasting, but unmonitored financial systems can put that hard work at risk. Financial fraud is a direct threat to your stability and your ability to scale. According to the Association of Certified Fraud Examiners...
With the new year well underway, “What will middle market M&A look like in 2023?” is a question for many buyers and sellers alike. Heavily impacted by macroeconomic factors, mergers and acquisitions in 2022 fell 58% from a peak of 2,717 transactions in...
The private equity market is booming, driven by the continued influx of capital and record-high multiples. Deal volumes have reached a five-year high, and recovery post-COVID is astonishingly better than in the years after similar downturns. Asset valuations are also...
As a business owner, it is difficult not to be enticed by the current talk of high EBITDA multiples, a ripe market to sell, and the looming possibility of higher capital gains taxes. We regularly meet with business owners who have successfully grown their businesses...
A Quality of Earnings report—or QofE—is the most effective tool for preparing your business for a high-value sale. Think of it as a specialized “home inspection” for your financials. While buyers traditionally initiated these reports to satisfy lenders,...
Cybersecurity is typically a topic that arises when a high-profile incident has occurred. Most businesses maintain a basic level of security but do not implement more comprehensive controls because the potential damages are often unknown. Unfortunately, this approach...
Merger and Acquisition Trends from 2019 As we closed 2019, headwinds from U.S. politics, impeachment, international trade, and the economic outlook for 2020 appear to have driven more uncertainty into Middle Market M&A activity. Due to this uncertainty, as well...
While the revenue recognition standard (ASC 606) has been in effect for several years, many contractors still find that the nuances of fulfillment costs and pre-contract expenses create hurdles during year-end reporting. Understanding the distinction between an...
