Simplifying Complexity – Closing the GAAP
Ingenium Accounting Associates, a PCAOB and CPAB (Canada) registered accounting Firm, is pleased to announce its new blog, known as “Closing the GAAP.” The Blog’s objective is to promote an active dialogue surrounding operational, accounting, and financial reporting topics impacting small to mid-size businesses in all industries.
Seemingly straight forward transactions can require potentially unknown GAAP application. This application may require unanticipated recognition within your financial statements. These discussions are intended to minimize unknown financial reporting consequences, hence “Closing the GAAP”.
In upcoming posts we will provide examples and case studies of transactions we have encountered that could be applicable to a broad range of companies.
We strongly encourage sharing experiences and opinions.
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