Implementing the financial accounting standards board (FASB) Accounting Standards Update (ASU) 2016-14, Presentation of Financial Statements for Not-for-Profit entities can be confusing. The updated standard states nonprofits must present an analysis of expenses by their function and natural expense classifications in one location, such as in a statement of functional expenses.
Interning at an accounting firm is a great way to learn about the industry, gain valuable experience and hone in on where you’d like to focus. Now that you’ve decided to start interviewing for an internship, how do you prepare for an accounting internship interview?
Internships are a vital part of the accounting industry, but it’s tough to know what to expect from the experience before you walk through the office doors. A few of the spring 2021 Corrigan Krause interns shared what future interns can expect from their internship.
Every business should have an A Team. Your A Team is includes your trusted accountant, attorney and financial advisor. Having a strategic A Team in place allows your advisors to work together on the big picture.
Lease accounting standards are changing, aiming to improve transparency and make it easier to compare statements. Here’s what construction companies need to know.
Lease accounting standards are changing, aiming to improve transparency and make it easier to compare statements. Here’s what manufacturing companies need to know.
Updated September 2021: Over the past fourteen months, the employee retention tax credit has undergone a number of changes since it was initially introduced. The most current information is in the Current Employee Retention Tax Credit Standards: American Rescue Plan Act – March 2021 section, but we recommend reading everything below to understand the full picture of the employee retention tax credit.
President Biden signed the American Rescue Plan into law Thursday, March 11, 2021. The $1.9 trillion economic stimulus plan contains a number of pieces of legislation aimed at supporting individuals through the continued Coronavirus pandemic.
Stimulus checks are a big part of this latest bill. Individuals who earn less than $75,000 and married couples earning less than $150,000 will receive a direct payment of $1,400 per person. Additionally, for everRead More >>