Category: Accounting News

Evaluating Net Operating Loss Considerations

When it comes to determining if a business is eligible to claim a net operating loss (NOL), it depends on the financial situation. If a business' taxa

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How to Account for Capital Assets

When it comes to accounting for capital assets, specifically depreciating capital assets, the Governmental Accounting Standards Board (GASB) provides

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Purchase Acquisition Accounting

Purchase acquisition accounting is the commonly accepted method to document the acquisition of another business on the balance sheet of the acquiring

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Understanding Modified Accrual Accounting

According to the Federal Register, there were about 90,000 local and state government entities throughout the country in 2022. This number is comprise

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Want an ERP solution, but worried about upfront costs during volatile economic conditions?

What is SaaS (Software as a Service)? SaaS is a cloud-based software licensing and distribution model in which software and applications are made

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How to Look at Liquidity through an Accounting Lens

Liquidity refers to a business's ability to convert its short-term assets or securities into cash quickly to meet its short-term financial obligations

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How Blockchain Could Impact Accounting and Auditing

Blockchain has the promise to revolutionize the way businesses and their accountants keep track of their financial records. When it comes to audit evi

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