The food and beverage industry can be lucrative and rewarding,… Read more »
The healthcare industry will be greatly impacted by the use Artificial Intelligence (“AI”) in 2019 and beyond.
Lean manufacturing is a continuous improvement process that relies on everyone in the organization to identify opportunities to enhance efficiency. This article covers five smart ways to keep your inventory lean without compromising revenue and customer service.
Revenue recognition accounting standards drastically changed for middle market nonpublic businesses, effective January 1, 2019, for those with a calendar year-end. What do we need to do to comply with these changes, and how do we get there? Read the article to find out.
What does 2019 look like for the manufacturing industry? LBMC conducted a national survey covering business unit leaders in eight industries, including manufacturing. The survey collected responses to determine a baseline of optimism and strategy preferences over the past 12 months and the coming 12 months.
A majority of perpetrators of church fraud are first-time offenders without a criminal history, and most are long-time employees of the church. This article gives tips on how to protect the church’s resources and improve financial oversight.
Cycle counting is a process that replaces comprehensive annual inventories with smaller counts conducted on a continuous basis. In this article learn how investing in a cycle counting inventory system now can create savings for your business in the long run.
The LIFO method, Last-In, First-Out, is used by U.S. companies with IRS approval to value inventory and has been a part of U.S. tax law for over 80 years.
Under an update to the U.S. GAAP, public companies have an opportunity to spread out the costs of setting up higher cost business systems that operate on cloud technology.
Private company consolidation relief expanded with limited impact on physician practices – Under ASU 2018-17, private entities may elect to adopt an accounting alternative to not apply VIE guidance to all current and future legal entities under common control.