In this latest podcast from S.R. Snodgrass, HR Director Lenore Seifer and Ian McDowell, Audit and Assurance Principal, discuss the latest updates from the Financial Accounting Standards Board (FASB).
Watch and listen as they break down complex accounting topics into practical insights, explaining how public business entities can navigate the nuances of segment reporting and ensure compliance.
Takeaways:
- Snodgrass goes beyond auditing financial statements by helping clients understand and implement FASB accounting pronouncements.
- FASB has released updates on segment reporting, a critical requirement for public business entities.
- Segment reporting involves disclosing how a company measures and manages financial performance internally.
- The firm simplifies complex updates into actionable guidance for clients.
- Snodgrass advises preparing an “accounting standard adoption” memo to document processes, conclusions, and analysis.
- Public companies must complete financial statement disclosures by March.
