The CPA Joint is an accounting blog owned and operated by the principal of R.T. McCalpin & Associates, LLC,a Certified Public Accounting firm located in Laurel, Maryland. The blog provides useful insights on various audit, tax, and accounting functions and is geared toward individuals and small business owners.
The Standard is Effective for Fiscal Years Beginning After December 15, 2017 The new FASB standards is for Update 2016-14 Not-For-Profit Entities (Topic 958): Presentation
So you have decided 2016 is the year to follow your dreams, step out on faith, and take the plunge. You are ready to start
Over the years, I have met many clients who came to me to provide accounting and bookkeeping services. In many instances, I have had to
a In order for a business to survive, the business must be able to generate and sustain a positive cash flow. Understanding the basic concepts
There are some keys changes that will be implement in the very near future for Revenue Recognition. These new pronouncements will change how we recognize
The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) (collectively, the Boards) have completed deliberations on new standards that significantly change
The most commonly used basis by small businesses is the cash basis method of accounting. Most small businesses (with sales of less than $5 million
Why do I Need Budget? A budget can help to plan and control your future income and expenses, it is an itemization of likely income
The Lease Accounting Standard Change, ASU 2016-02, Leases (Topic 842), presents significant changes to the Balance Sheet of the Lessee.  The ASU also will require disclosures to
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