The days of using off-balance-sheet financing for capital purchases are over. As we explained recently on the blog, big changes are ahead for the financial statements of businesses, thanks to…
FASB Issues Major Lease Standard to Bring Operating Leases On the Balance Sheet
Last week, the FASB finalized a long-awaited major accounting standard update (ASU) which will require the recognition of lease assets and lease liabilities by lessees for those leases classified as…
How to Develop a Strategic Capital Plan for Your Nonprofit
Not-for-profit leaders face the challenge of growing their organizations through capital acquisition while maintaining financial stability. It is a delicate balance – one that many organizations strike by retreating to…
Find the Right Accounting Method for Your Homebuilding Business
Selecting the right accounting method for your business is an important step in laying the groundwork for a profitable future. Residential homebuilders in particular have several options from which to…
What Nonprofits Need to Know about Federal Grant Guidelines
Does your nonprofit receive federal grant funding? If so, you should be aware of changes rolled out by the federal government over the past two years that affect the way…