Business owners often think that financial statement footnotes require too many detailed disclosures under U.S. Generally Accepted Accounting Principles (GAAP). In response to these criticisms, the Financial Accounting Standards Board (FASB) has launched a project to minimize so-called “disclosure overload.” But it’s important for the FASB to maintain a balanced approach when cutting back.
Cumbersome Footnote Disclosure Requirements May Provide Vital Financial Insights
Posted by bgoricki on May 26, 2016 3:50:21 PM
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Topics: Commercial Bankers, Commercial Lenders, Uncategorized
Post-Merger Integration Best Practices: Ensuring a Smooth Transition
Posted by bgoricki on Apr 10, 2016 4:31:20 PM
Mergers and acquisitions take months (or even years) of work to conduct due diligence, negotiate the terms and obtain financing. But the hardest work comes after closing, when management is tasked with integrating two corporate cultures into one combined entity.
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Topics: Commercial Bankers, Commercial Lenders, Mergers & Acquisitions, Uncategorized
How Tax Extensions from the PATH Act Affect Commercial Bankers
Posted by bgoricki on Apr 10, 2016 2:05:55 PM
Taxes aren’t something that bankers usually discuss with borrowers. But this year might be an exception. Several major tax law changes occurred at the end of 2015 that will allow borrowers to plan with greater certainty and take advantage of numerous tax-saving opportunities.
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Topics: Commercial Bankers, Commercial Lenders, PATH Act, Uncategorized