ASC 852: Accounting for Fresh Starts after restructuring, bankruptcy, or ownership changes. Accurately reflect your financial position for a successful new beginning.
A Guide To Complying with ASC 852, Fresh Start Accounting Read More »
Accounting for Plant, Property, and Equipment (PP&E) under the IFRS component approach outlines the steps involved in recognizing and measuring individual components, including identification, separate recognition, initial measurement, subsequent measurement, depreciation, impairment, and disclosure requirements.
A Guide to Complying with the IAS 16 – Property, Plant and Equipment Read More »
RFID Technology and automation have been transforming fixed asset management for years. Embracing current technologies can ensure accurate fixed asset accounting records and drive your accounting control, whilst freeing up valuable resources and allowing your organization to scale efficiently.
Effective inventory management is the backbone of any successful business. Whether it’s a small retail store, a manufacturing facility, or an e-commerce giant, the ability to organize and plan inventory efficiently can make a significant difference in operational efficiency, customer satisfaction, and ultimately, the bottom line.
ASC 805 accounting can be hard to understand and feel overwhelming. Click here for a guide to complying with the ASC 805 business combinations.
A Guide to Complying with the ASC 805 Business Combinations Read More »
Fixed asset management is an important part of maintaining an accurate business value through assessing your assets. We take a look at the role of inventory.
Fixed Asset Management: The Importance of Fixed Asset Inventorying Read More »
ASC 360 provides guidance on accounting for property, plant, and equipment. Get the facts on key compliance rules and regulations here.
A Guide to Complying with the ASC 360 Property, Plant and Equipment Read More »
Radio Frequency Identification (RFID) technology is a powerful tool for asset tracking and inventory management, and its potential applications in healthcare settings are vast. One area where RFID has been gaining traction in recent years is in hospitals, where it can be used to improve efficiency, reduce costs, and enhance patient safety. In this article,
RFID Asset Tracking in Hospitals: Improving Efficiency and Patient Safety Read More »
RFID technology has helped large, mid- and small-sized firms to streamline their internal controls and automate time-consuming manual processes, which address requirements of SOX framework.
How RFID is revolutionizing SOX compliance Read More »
A qualified appraisal is a written report by a qualified appraiser that estimates the fair market value of one or more assets. This document is to provide an unbiased and independent estimate of an asset’s value for tax-related purposes. A qualified appraiser is often required for charitable contributions, estate tax returns and other financial transactions
Qualified Appraisal: Definition, Purpose & IRS Requirements Read More »
With over 25 years of experience, the CPCON Group is the global advisor that enhances and maximizes organizations’ internal control, promoting increased management efficiencies, improved regulatory compliance and financial supervision.
