These changes coming to our accounting practices were proposed so long ago, I actually forgot about them. Of course, if your business is small enough to keep using cash accounting practices, the new requirements will just roll off your back.
Tag Archives: FASB
It’s coming- and our balance sheet will never be the same…
FASB. IASB. Those eight (8) letters are going to cause a lot of us some grief. The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) are planning to change the rules, which will make our business profits look very different.
Continue reading It’s coming- and our balance sheet will never be the same…