Annually, the manufacturing industry claims $47.4 billion in Research and Development (R&D) credits. The credits provide companies dollar-for-dollar cash savings […]
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, […]
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 […]