Discover the main challenges of inventory audit and how your industry can overcome them with technology and strategy. A complete guide for CFOs and auditors.
Inventory audit of fixed assets: 4 industry challenges and how to overcome them Read More »
IFRS asset management: Learn how useful lives and residual values impact PPE and intangibles and boost audit readiness and financial accuracy with CPCON Group.
Discover how ASC 842 practical expedients can streamline your lease accounting processes and ensure smooth FASB standard compliance.
ASC 842 Practical Expedients: Ease Compliance Read More »
Discover how ROU asset tax treatment can affect your financials and learn to navigate the complexities of depreciation and tax implications effectively.
Understanding ROU Asset Tax Treatment Essentials Read More »
Explore indefinite-lived intangible assets with our comprehensive guide. Learn about valuation, accounting, and management of these crucial business assets.
Indefinite-Lived Intangible Assets: Key Insights Read More »
Fixed asset impairment refers to the decrease in the value of a long-term asset on a company’s balance sheet, signaling that the asset’s carrying amount exceeds its recoverable amount. Understanding the tax treatment of fixed asset impairment is crucial for businesses to accurately reflect their financial position and comply with tax regulations. This guide aims
Fixed Asset Impairment Tax Treatment: A Complete Guide Read More »
Unlock the secrets of ASC 606: Revenue Recognition and Beyond with our comprehensive guide. Dive in to master compliance, industry impacts, and more!
ASC 606: Revenue Recognition and Beyond – Full Guide Read More »
Intangible assets drive value and competitive advantage. Accounting for these intangibles requires a comprehensive framework, and that’s where ASC 350 (Intangibles – Goodwill and Other) comes into play. This article explores the key aspects of ASC 350, providing insights into the accounting and financial reporting requirements for intangible assets. What are Intangible Assets? Under ASC
A Guide to Complying with ASC 350 Intangibles – Goodwill and Others Read More »
Accounting Standards Codification (ASC) 360-10, also known as the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 360-10, provides guidance on impairment testing of long-lived assets. These assets, such as property, plant, and equipment, are critical components of a company’s financial health. Adhering to ASC 360-10 ensures that companies accurately assess and report any
A Guide to Complying with ASC 360-10 Impairment Testing of Long-Lived Assets Read More »
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 »
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.
