Electing and retaining the last-in, first-out (LIFO) method of inventory accounting provides the most significant tax benefits when a company’s … Read More
Internal controls apply to more than your business' accounting and financial reporting. As a manufacturer, internal controls are essential to … Read More
Proper accounting for inventory is important for manufacturers, distributors and resellers. Costs associated with inventory generally represent the largest annual … Read More
Occasionally, medical manufacturers will acquire patents or licenses in developing new technology. When valuing these patents, licenses, or other intangible … Read More