Seven practical controls for customer rebates, distributor incentives and promotional payments, with a look at the FASB’s October 2026 proposal and distinct US GAAP, IFRS and Canadian ASPE considerations.
A practical guide to receivables credit-loss estimates, aging data, customer risk, collection evidence and the 2026 US GAAP update—while keeping IFRS and Canadian ASPE requirements distinct.
A practical lease-accounting control framework for US and Canadian controllers: contract completeness, lease-term judgments, discount rates, modifications, reconciliations, and jurisdiction-specific reporting.
A practical guide to inventory valuation controls for US and Canadian financial controllers, covering slow-moving stock, recoverability evidence, ERP data quality, write-down estimates, and audit-ready documentation.
A practical controller’s checklist for foreign-currency close controls, including exchange-rate governance, remeasurement, translation, ERP run validation, consolidation reconciliations, and audit-ready evidence.
A practical guide for US and Canadian controllers to strengthen journal-entry controls through risk-based filters, ERP access and workflow checks, exception follow-up, and audit-ready evidence.
There are significant differences between US GAAP and IFRS in accounting for pension and other postretirement and postemployment benefits. Some differences lead to less earnings volatility, while others increase it.
With increased scrutiny from the Department of Labor (DOL), Internal Revenue Service (IRS), and Employee Benefits Security Administration (EBSA), valuations of Employee Stock Ownership Plans (ESOPs) are best conducted by
A suspense account can be a valuable tool for managing uncertain transactions. It acts as a temporary placeholder until you can clarify the details. Here are some practical examples of
As the second quarter comes to a close, it’s essential to ensure your financial records are accurate and up to date. This checklist will help guide you through the process.