Current Expected Credit Loss (CECL) Standard

Nov 17, 2017 | Accounting Topics

Summary of the Current Expected Credit Loss (CECL) Standard On June 16, 2016, the Financial Accounting Standards Board issued Accounting Standards Update 2016-13, Financial Instruments – Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments. ...

3 Most Common Financial Reporting Errors

Apr 12, 2016 | Accounting Topics

Three Most Common Reasons for Restating Financial Statements I just finished reading an interesting article in the Wall Street Journal on financial reporting. Did you know that over 650 companies filed financial revisions or restatements last year? In most cases, it...

Computing a Loan Payment & Creating an Amortization Schedule

Apr 13, 2015 | Accounting Topics, Functions

Computing the Periodic Payment for a Loan Excel Financial Function Computing the periodic payment is probably the most used Excel financial function simply because it is something everyone uses.Let’s walk through an example.You want to purchase a car and finance...

Dupont Model

Apr 8, 2015 | Accounting Topics

Dupont Model The DuPont Model is a methodology that computes Return on Equity by component parts. Business owners and shareholders are very interested in their level of return. A method of consulting with business owners and shareholders on ways to boost Return on...

Using the Altman Z Score to Predict Bankruptcy

Mar 12, 2015 | Accounting Topics, Bankrutpcy

Using the Altman Z Score to Predict Bankruptcy – Guest Post by Joe Helstrom, CPA       Background: The Altman Z score for bankruptcy prediction was first published by Edward Altman, an Assistant Professor of Finance at New York University, in...