GAAP Archive
Variable Consideration Under ASC 606: A Practical Guide for Mid-Size Manufacturers
What Is Variable Consideration in Revenue Recognition? For many manufacturing companies, revenue recognition under ASC 606 appears… Read More
U.S. GAAP: How to Allocate Overhead When Production Drops
When production volume drops below normal capacity, manufacturing companies should understand how U.S. Generally Accepted Accounti… Read More
Key Capital Campaign Accounting Considerations
When launching a capital campaign, organizations often need to determine which costs can be capitalized versus expensed and how th… Read More
Reporting and Disclosing Related Parties Under GAAP
If your organization has undergone a financial statement audit, you’ve probably been asked by your auditors if there were any rela… Read More
A Guide to Audit Preparation for Mid-Size Manufacturing Companies
Whether your company is preparing for its first audit or its hundredth, the process can be daunting. For mid-size manufacturing co… Read More
The New Uniform System of Accounts for the Lodging Industry: What You Need to Know
In February 2025, Hospitality Financial and Technology Professionals published the 12th Revised Edition of the Uniform System of A… Read More
Form 990 vs. Audited Financial Statements in Financial Oversight
Written by Amy Hernandez, CPA, and Danielle Wright, CPA, MST Board members of not-for-profit organizations play a crucial role in… Read More
Key Differences Between Tax Basis and GAAP Basis Financial Statements – Real Estate Entities
U.S. companies often decide whether to report financials under income tax basis or generally accepted accounting principles (GAAP)… Read More
