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Triggering Events and Impairment Testing: Financial Reporting Issues in a COVID-19 Environment

March 2020
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Public Sector: Insight in Uncertainty

March 2020 Celina Cereceres writes on how to stay ahead even in uncertain times within the Public Sector industry.
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Internal Control Tip: Loose Change and the Teachers Retirement System

November 2019 A more formal approach to reviewing your Reporting Employers (RE) Ledger Balances frequently should eliminate surprises when it comes to reporting and reconciling personnel costs.
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Internal Control Tip: Is Your Room Clean?

October 2019 A cluttered balance sheet, like a dirty room, can bury issues in your financial wellbeing by housing erroneous or fraudulent entries similar to, dirty clothes piled on the floor.
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Robert Allen

Fair Value Measurement: The Mandatory Performance Framework

September 2019 The world of valuation has at times been plagued by divergence in practice, which creates a level of confusion among those who are considered the audience for valuation opinions. 
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Internal Control Tip: Shifting Our Controls for HB 3

September 2019 As we rethink our compliance with the advent of the new HB 3 requirements, let’s remember to revisit our controls over different types of expenditures.
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Internal Control Tip: Sole Source Vendors - Are They Truly Your Only Source?

August 2019 Whether you are the director of purchasing or the chief financial officer, I would take an inventory of sole source vendors. If the number of sole source vendors is in the double digits, take a moment and ask what truly makes those vendors a sole source.
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buy-sell agreements

New Inventory Valuation Guidance: No Change or Game Changer?

July 2019 he American Institute of Certified Public Accountants (AICPA) is in the final stages of developing a new Accounting and Valuation Guide on Business Combinations.  Because of diversity of practice, the task force decided to carve out the chapter dealing with fair value measurement for inventory assets.
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Lupe Garcia CWA Headshot

Internal Control Tip: Journal Entries

July 2019 We are all familiar with the saying, “If you want something done right, do it yourself.” Although this saying can be true for many things, it does not apply to the preparing, approving, and posting of journal entries in a general ledger.
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2019 Compliance Supplement Released

July 2019 The Office of Management and Budget (OMB) recently released the final and stand-alone 2019 Compliance Supplement which identifies federal program objectives, suggested procedures, and compliance requirements.
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Internal Control Tip: Using Co-Ops

June 2019 We live in the world of Prime, which means many of us have traded in extreme couponing for convenient one-click shopping from your couch.  Whenever it comes to making purchases from cooperatives (co-ops), they have already done much of the extreme couponing for you.  This is why many of us might think we can go straight to a cooperative to make a purchase whenever we need something.
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Robert Allen

Are Small Companies More Risky Than Large Companies?

June 2019
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Celina Miller CWA Headshot

Internal Control Tip: Managing Your Vendor List

June 2019 The reason districts have internal controls is to address the “What Could Go Wrong?” question.
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Celina Miller CWA Headshot

Internal Control Tip: The Schedule of Expenditures of Federal Awards

June 2019 Federal programs assist school districts and charter schools to carry out supplemental programs for its students. Without some of these federal grants, schools would not be able to speak about student success stories.
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