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Accounting For Delivery Fees
Article written by: Dustin Minton, CPA, MBA Director, Assurance & Business Advisory Services For the past few years, the delivery trend has been on the rise with many […]
Year-End Audit Reminders In A COVID Era
As 2020 quickly comes to an end, we are pleased to provide restaurateurs with an annual reminder of items to keep on the radar before the annual financial statement audit. […]
Gift Card Breakage Accounting
The holiday season is quickly approaching, and gift card promotions remain top of mind for management. As promised in Part I of our gift card accounting series, we are pleased […]
COVID-19: Accounting for Lease Concessions
Article written by: Dustin Minton, CPA, MBA Director, Assurance & Business Advisory Services In April 2020, during the midst of the pandemic, the Financial Accounting Standards Board (FASB) issued […]
FASB Issues ASU Deferring Revenue Recognition and Leases Standards
Article written by: Jeff Harden, CPA Director, Assurance & Business Advisory Services On June 3, 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2020-05, which […]
Revenue Recognition And Leases: FASB Gives Certain Entities More Time
Private companies and most nonprofits were supposed to implement updated revenue recognition guidance in fiscal year 2019 and updated lease guidance in fiscal year 2021. In the midst of the […]