Contributor: Timothy J. O'Connor

Annual State of the Firm: A new spin on an Edelstein tradition

Annually, we host our State of the Firm meeting in which the entire firm comes together to reflect on our past year and look forward to the next.  This year, we took a different approach by

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Posted In: Events

Accounting & Audit Alert- Measuring fair value for financial reporting

Business assets are generally reported at the lower of cost or market value. Under this accounting principle, certain assets are reported at fair value, such as asset retirement obligations and derivatives. Fair value also comes

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Budgeting is key to a successful start-up

More than half of recent college graduates plan to start a business someday, according to the results of a survey published in August by the American Institute of Certified Public Accountants (AICPA). Unfortunately, the AICPA

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Posted In: Alerts & Advisories

Audit & Accounting Alert- Auditing grant compliance

Has your organization received any public or private grants to fund its growth? Grants sometimes require an independent audit by a qualified accounting firm. Here’s what grant recipients should know to help facilitate matters and

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Posted In: Alerts & Advisories

Accounting & Audit Alert- What to expect during a franchise audit

It’s important for franchisors to periodically audit individual franchisees. These routine “check-ups” are especially valuable in a store’s early years of operations or if performance starts to deteriorate. They can be used to detect symptoms

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Lean manufacturers: Reap the benefits of lean accounting

Standard cost accounting doesn’t necessarily work for lean operations. Instead, lean accounting offers a simplified reporting alternative that generates more timely, relevant financial data. But it’s not right for every situation. What’s lean manufacturing? Lean

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Put a QOE report to work for you

An independent quality of earnings (QOE) report can be a valuable tool in mergers and acquisitions. It’s important for both buyers and sellers to look beyond the quantitative information provided by the selling company’s financial

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Posted In: Alerts & Advisories

Accounting & Audit Alert- When to report subsequent events

Financial statements present a company’s financial position as of a specific date, typically the end of the year or quarter. But sometimes events happen shortly after the end of the period that have financial implications

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Convertible debt and equity

Simplifying the accounting rules for convertible debt and equity Distinguishing between liabilities and equity on a company’s balance sheet may seem straightforward. But difficulties arise when it comes to the terms of complex securities and

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Auditing cashless transactions

Like most businesses, you’ve probably experienced a significant increase in the number of customers who prefer to make cashless payments. And you may be wondering: How does the acceptance of these types of transactions affect

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Posted In: Alerts & Advisories