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Accounting

How New Lease Accounting Rules Can Impact Manufacturing Companies

Manufacturing

Private companies will have to comply with the new lease accounting standard for fiscal years that begin after December 15, […]

Employees on laptop

Employment Retention Credit for Manufacturing

Coronavirus (COVID-19) Resources, Manufacturing

It comes as no surprise that the pandemic has disrupted the supply chain, which in turn has impaired manufacturing businesses. […]

Revenue Recognition: When Do Manufacturers Have a Right to Payment?

Manufacturing

Under the Accounting Standard Codification (ASC 606), Revenue from Contracts with Customers, entities may be required to recognize revenue over […]

Revenue Recognition Consideration for Distributors: Drop Shipments

Manufacturing

Last Updated: January 29, 2021 With the Financial Accounting Standards Board’s (FASB) new revenue recognition standard, generally effective for 2019 […]