VTD March 2018 Newsletter
Accounting & Auditing: Revenue Recognition, Dodd-Frank, Sustainability
To direct owners and executives on the latest accounting and auditing developments, this issue includes the following articles:
1. Private companies grapple with new revenue recognition standard.
2. Rewriting the Dodd-Frank Act, one provision at a time.
3. COSO updates ERM framework for sustainability issues.
Have You Considered a PTO Bank for Your Company?
If you’re like many employers, you may be tired of wondering if some of your employees are abusing your paid sick leave policy. Or you may be questioning whether it matters what you call time off — vacation or sick leave — because either way your employees aren’t on the job. If this is a subject that causes concern at your company, you may want to consider adopting a paid time off bank policy. Here’s how it works.
Big Accounting Rule Changes Coming Soon
Are you ready to implement the updated guidance for reporting revenue, leases and credit losses? Over the next few years, companies that follow U.S. Generally Accepted Accounting Principles must significantly change how they report these transactions on their financial statements. In addition, the accounting rules for not-for-profits will be overhauled in 2018. Here’s an overview of what you should know.
If an OSHA Inspector Comes Calling
An OSHA inspection can be a nerve-wracking experience for manufacturing executives. By understanding how OSHA conducts inspections, you can be better prepared to handle the situation in a way that minimizes your legal and financial exposure. Here’s a basic rundown of the process and some steps you can take to help protect your company.