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We’ve all heard the saying, “Don’t put all your eggs in one basket.” It is often quoted when discussing the importance of diversifying an investment portfolio so it isn’t vulnerable to wild price fluctuations by just one or a handful of stocks.                                                                                            This saying is also appropriate when it...

Any company that has gone through a merger and acquisition (M&A) understands the complexity involved in accounting for divestitures. Covered under ASC 805 (formerly SFAS 141), accounting for divestitures — along with accounting for business combinations, discontinued operations, impairments, intangibles and segment reporting — poses many challenges for businesses and...

Manufacturers make or create products to sell to customers, but service businesses sell customers something a little less tangible. While manufacturers keep careful track of their product inventory, service businesses need to track a different kind of inventory: the time employees spend working that can be billed to clients. This measurement...