Understanding the Chart of Accounts: A Fundamental Guide
What is a chart of accounts? If you are new to accounting, you may not know. But you need…
How to Account for Lessee Finance and Operating Agreements: ASC 842
Most CPAs grapple with leases from the lessee’s point of view, so in this post, we’ll look at finance…
How to Understand the New Lease Accounting Standard
Do you need help in understanding the new lease accounting standard? This article provides you with a basic understanding…
Changes in Leases and the Leasing Industry: ASC 842
The Leasing Industry will Change In my last lease post, we saw that bright-line criteria (e.g., lease terms of…
Three Steps to Correct Cash Flow Statement Mistakes
Do you struggle with creating cash flow statements? Would you like to know how to correct cash flow statement…
Keys to Understanding GASB 87 Lease Accounting Now
Are you looking for GASB 87 lease accounting information? Are you a government that leases assets? Then you’re in…
Cash Overdrafts: Negative Cash Accounting
How should you account for cash overdrafts (also called negative cash balances) on a balance sheet and in a…
PPP and EIDL Accounting Solutions
Are you wondering about PPP and EIDL accounting? Well, you’ve come to the right place. Below I provide you…
ASU 2016-01 – Accounting for Equity Securities
Are you aware of the coming changes in accounting for equity securities with ASU 2016-01? In the past, FASB…